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Analysis of RFID Technology on Controlling Shrinkage and Anti-counterfeiting in Luxury Industry
Wei Xu1; Zhaotong Lian1; Xifan Yao2
2014
Conference Name2012 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM2012)
Source Publication2012 IEEE International Conference on Industrial Engineering and Engineering Management
Conference Date2012-12.10-13
Conference PlaceHong Kong, China
Abstract

Motivated by radio-frequency identification (RFID), it has been heralded as a major breakthrough to enhance the efficiency of a supply chain. This paper aims to explore the prospects of RFID investment value in luxury market, by mainly focusing on the optimal investment strategies, in order to optimize ordering quantity and maximize the profits. We compare two scenarios in a three-level supply chain involving a manufacturer, a distributor and a retailer. Each scenario is developed for two situations under conditions with or without the implement of RFID. According to the luxury consumption psychology of consumers and the luxury market characteristics, we mainly consider the case of inventory shrinkage and try to effectively control the issues of mis-categorization, theft and anti-counterfeiting. Finally, we present numerical analyses. Therefore, the research of RFID application in this paper has important theoretical value and great practical significance.

KeywordInventory Inaccuracy, Rfid, Luxury, Anti-counterfeiting, Supply Chain Contract
DOI10.1109/IEEM.2012.6837920
Indexed ByCPCI
Language英语
WOS Research AreaEngineering ; Operations Research & Management Science
WOS SubjectEngineering, Industrial ; Operations Research & Management Science 文献信息
WOS IDWOS:000365270100107
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Citation statistics
Document TypeConference paper
CollectionDEPARTMENT OF ACCOUNTING AND INFORMATION MANAGEMENT
Affiliation1.Faculty of Business administration, University of Macau
2.School of Mechanical and Automotive Engineering, South China University of Technology,,Guangzhou,China
First Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Wei Xu,Zhaotong Lian,Xifan Yao. Analysis of RFID Technology on Controlling Shrinkage and Anti-counterfeiting in Luxury Industry[C],2014.
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