A central problem in revenue management, known as the assortment problem, consists in deciding which subset of products to offer to consumers in order to maximise revenue. A simple and natural strategy is to select the best assortment out of all those that are constructed by fixing a threshold...

Demand estimation is a fundamental task in retail operations and revenue management, providing the necessary input data for inventory control, assortment and price optimization models. The task is particularly difficult in operational contexts when product availability varies over time and...