Fan, Ti-Jun; Chang, Xiang-Yun; Gu, Chun-Hua; Yi, Jian-Jun; … - In: International Journal of Production Economics 147 (2014) PC, pp. 659-665
Inventory shrinkage is prevalent in many industries. Radio Frequency Identification (RFID) technology has been regarded …. We apply a newsvendor model to analyze how to reduce inventory shrinkage problems by deploying RFID. We study two … scenarios for managing an inventory system with shrinkage problems. In the first scenario, the retailer optimizes its operations …