We revisit the uncapacitated single-period joint assortment and inventory problem in the presence of dynamic (stockout-based) substitution behavior (i.e., the so-called "dynamic assortment problem"). This is a very important practical problem faced by many retailers; at the same time, it is also...

We propose an asymptotically optimal heuristic, which we termed the Randomized Assignment Control (RAC) for restless multi-armed bandit problems with discrete-time and fi nite states. It is based on a linear programming relaxation to the original stochastic control formulation. In contrast to...

We consider a joint inventory and pricing problem with one warehouse and multiple stores, in which the retailer makes a one-time decision on the amount of inventory to be placed at the warehouse at the beginning of the selling season, followed by periodic joint replenishment and pricing...