This paper is published in Volume-5, Issue-5, 2019
Area
Operations Research
Author
Pushti Jain, Navika Sharma, Yash Radia
Org/Univ
Anil Surendra Modi School of Commerce, NMIMS University, Mumbai, Maharashtra, India
Pub. Date
18 October, 2019
Paper ID
V5I5-1286
Publisher
Keywords
Retail, Operations Research, Warehousing, Logistics, Supply Chain Management, Minimization, Efficiency

Citationsacebook

IEEE
Pushti Jain, Navika Sharma, Yash Radia. Operations Research in logistics, supply chain management and warehousing in the retail industry, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Pushti Jain, Navika Sharma, Yash Radia (2019). Operations Research in logistics, supply chain management and warehousing in the retail industry. International Journal of Advance Research, Ideas and Innovations in Technology, 5(5) www.IJARIIT.com.

MLA
Pushti Jain, Navika Sharma, Yash Radia. "Operations Research in logistics, supply chain management and warehousing in the retail industry." International Journal of Advance Research, Ideas and Innovations in Technology 5.5 (2019). www.IJARIIT.com.

Abstract

This paper analyses the applications of Operations Research in various forms and techniques in the sector of Retailing, Indian and International. Retailing is the fastest growing sector with a lot of scope for improvement. The expectations of the customers from this sector are very high and so in order to sustain, the firms need to satisfy the demands efficiently. Along with this they also need to maintain their costs and at the same time generate higher revenues. To establish our points, we will be focusing on the few main aspects of Retailing such as Logistics, Supply Chain Management, and Warehousing and thus show how Operations Research techniques like transportation, simulation, the analytical model can be used to decrease costs, hence making more profits and improving efficiency in totality.