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Persistent link: https://www.econbiz.de/10014552532
We address two important concerns faced by assortment managers, namely constrained assortment optimization and assortment personalization. We contribute to addressing these concerns by developing bounds and heuristics based on auxiliary multinomial logit (MNL) models. More precisely, we first...
Persistent link: https://www.econbiz.de/10014087112
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To clarify the impact of demand variability on single item stochastic inventory systems with setup costs, we subsume the distributional information of the lead time demand into its mean and variance and solve the resulting problem against the worst possible distribution in this class. For (Q, r)...
Persistent link: https://www.econbiz.de/10009208731
Persistent link: https://www.econbiz.de/10008986950
We study the assortment optimization problem and show that local optima are global optima for all discrete choice models that can be represented by the Markov Chain model. We develop a forward greedy heuristic that finds an optimal assortment for the Markov Chain model and runs in $O(n^2)$...
Persistent link: https://www.econbiz.de/10014089054