Modelling the operations of a circular economy fashion start-up

This paper presents a case study of Pantala, a fashion start-up, intending to operationalise a circular supply of luxury womenswear through a monthly subscription-fee model. To optimize the company's cashflow and ensure success, the operational flows were modelled and analysed through discrete-...

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Bibliographic Details
Published inProcedia CIRP Vol. 120; pp. 1618 - 1623
Main Authors de Olañeta, Javier, Patsavellas, John, Salonitis, Konstantinos
Format Journal Article
LanguageEnglish
Published Elsevier B.V 2023
Subjects
circular fashion
discrete-event simulation
e-tailing
fast-fashion
reverse logistics
start-up
discrete-event simulation
circular fashion
reverse logistics
fast-fashion
start-up
e-tailing
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Summary:This paper presents a case study of Pantala, a fashion start-up, intending to operationalise a circular supply of luxury womenswear through a monthly subscription-fee model. To optimize the company's cashflow and ensure success, the operational flows were modelled and analysed through discrete-event simulation techniques, with a focus on inventory management and minimizing operational costs. Simulation results demonstrated a high level of accuracy in predicting system performance, with an average relative error of less than 5% for most performance indicators. Insights are provided into the benefits of using simulation modelling for operational planning and optimization of complex systems, especially in the case of start-ups.
ISSN:2212-8271
2212-8271
DOI:10.1016/j.procir.2023.12.005