Publication:
A method for estimating stock-out-based substitution rates by using point-of-sale data

dc.contributor.coauthorÖztürk, Ömer Cem
dc.contributor.departmentDepartment of Business Administration
dc.contributor.kuauthorKarabatı, Selçuk
dc.contributor.kuauthorTan, Barış
dc.contributor.schoolcollegeinstituteCollege of Administrative Sciences and Economics
dc.date.accessioned2024-11-09T13:21:53Z
dc.date.issued2009
dc.description.abstractEmpirical studies in retailing suggest that stock-out rates are quite high in many product categories. Stock-outs result in demand spillover, or substitution, among items within a product category. Product assortment and inventory management decisions can be improved when the substitution rates are known. In this paper, a method is presented to estimate product substitution rates by using only Point-Of-Sale (POS) data. The approach clusters POS intervals into states where each state corresponds to a specific substitution scenario. Then available POS data for each state is consolidated and the substitution rates are estimated using the consolidated information. An extensive computational analysis of the proposed substitution rate estimation method is provided. The computational analysis and comparisons with an estimation method from the literature show that the proposed estimation method performs satisfactorily with limited information.
dc.description.fulltextYES
dc.description.indexedbyWOS
dc.description.indexedbyScopus
dc.description.issue5
dc.description.openaccessYES
dc.description.publisherscopeInternational
dc.description.sponsoredbyTubitakEuTÜBİTAK
dc.description.sponsorshipScientific and Technological Research Council of Turkey (TÜBİTAK)
dc.description.versionAuthor's final manuscript
dc.description.volume41
dc.identifier.doi10.1080/07408170802512578
dc.identifier.eissn2472-5862
dc.identifier.embargoNO
dc.identifier.filenameinventorynoIR01096
dc.identifier.issn2472-5854
dc.identifier.quartileQ1
dc.identifier.scopus2-s2.0-62149097248
dc.identifier.urihttps://hdl.handle.net/20.500.14288/3295
dc.identifier.wos263871000002
dc.keywordsSubstitution rate estimation
dc.keywordsStock-outs
dc.keywordsPoint-of-sale data
dc.keywordsRetailing
dc.language.isoeng
dc.publisherTaylor _ Francis
dc.relation.grantno106K175
dc.relation.ispartofIIE Transactions
dc.relation.urihttp://cdm21054.contentdm.oclc.org/cdm/ref/collection/IR/id/1651
dc.subjectComputer science
dc.subjectEngineering
dc.subjectOperations research and management science
dc.titleA method for estimating stock-out-based substitution rates by using point-of-sale data
dc.typeJournal Article
dspace.entity.typePublication
local.contributor.kuauthorTan, Barış
local.contributor.kuauthorKarabatı, Selçuk
local.publication.orgunit1College of Administrative Sciences and Economics
local.publication.orgunit2Department of Business Administration
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relation.isOrgUnitOfPublication.latestForDiscoveryca286af4-45fd-463c-a264-5b47d5caf520
relation.isParentOrgUnitOfPublication972aa199-81e2-499f-908e-6fa3deca434a
relation.isParentOrgUnitOfPublication.latestForDiscovery972aa199-81e2-499f-908e-6fa3deca434a

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