As the consumer market changes rapidly, retail networks require a system to optimize the quantity and assortment of goods. The authors develop and test theoretical and practical assortment optimization and distribution principles. The study aims to improve retail assortment management by...

Nowadays, sustainable development and waste management are the topics on which academia is focusing. The size of the retail assortment plays a crucial role in influencing the levels of food waste in grocery stores. Additionally, the analysis of retail food waste highlights that the planning of...

The effectiveness of specific marketing actions taken by retailers is different depending on the product category. This paper aims to analyse the role that different product categories play in consumer response to retail assortment. Hypotheses are tested in an online experiment using consumers...

A growing body of research suggests that an abundance of choices can lead to decision-making difficulties for consumers. Rather than maximizing utility, many consumers employ a satisficing decision-making approach, whereby they search for products sequentially until they find one that is...

Automotive original equipment manufacturers (OEMs) are dedicating significant efforts to maintaining an efficient order catalog in order to provide superior products to customers in make-to-stock (MTS) markets. Although research on product “assortment planning” is expanding to effectively...

In attended home delivery, the delivery time slot offering problem has a significant impact on the efficiency of the retailer providing this service. Since the decision on which time slots to offer is typically made online during the customer booking process, this problem requires a real-time...

Grocery retailing is undergoing rapid changes. New store formats and market channels, the entry of additional large players, and increasing multichannel activities on the supply side are accompanied by heterogeneous and changing consumer preferences. Retailers are increasingly competing in both...

This paper studies the single-warehouse assortment selection problem that aims to minimize the order fulfillment cost under the cardinality constraint. We propose two types of fulfillment-related cost functions, which correspond to different preferences toward spillover fulfillment and...

In this paper, we investigate the assortment planning decisions of a retailer that operates an online sales channel and a brick-and-mortar store simultaneously. We consider the impact of product returns, which is a norm in retailing but also a factor for lost profit, explicitly. Assortment...

Most online sales worldwide take place in marketplaces that connect sellers and buyers. The presence of numerous third-party sellers leads to a proliferation of listings for each product, making it difficult for customers to choose between the available options. Online marketplaces adopt...

Unit Pricing Regulation (UPR) was introduced to help consumers make more informed decisions by displaying unit prices in addition to product prices. Despite extensive research on UPR effects on consumers’ perceptions and decisions, much less is known about the impacts on retail stores’ price...

The ranking-based choice model is a popular model in revenue management for predicting demand for a firm’s products based on the assortment of products that the firm offers to their customers. Because this model has a huge number of parameters, many different ranking-based choice models can be...

Although assortment optimization has been extensively studied, not much is known about how it is affected by advertising. In this paper, we address this gap by considering a novel joint advertising and assortment optimization problem. To capture the effect of advertising in the context of...

When managing multiple stores in the same marketplace, retailers need to select store locations and localize product assortments to reflect the demand of each community it serves. This paper develops a dynamic system, called the dual Poisson-Gamma Dynamic Systems (dPGDS), for panel data on...

Assortment planning decisions of online marketplaces can have a significant impact on customers' choices. This incentivizes marketplaces to employ algorithms that prioritize marketplaces' short-term goals by featuring products with the highest popularity. However, these algorithms can lead to...