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We study the problem of finding an optimal assortment of products maximizing the expected revenue, in which customer preferences are modeled using a Nested Logit choice model. This problem is known to be polynomially solvable in a specific case and NP-hard otherwise, with only approximation...
Persistent link: https://www.econbiz.de/10012842559
Persistent link: https://www.econbiz.de/10012495368
We consider the issue of choosing a subset of locations to construct new housing developments maximizing the satisfaction of potential buyers. The allocation of demands to the selected locations is modeled by a choice model, based on the distance to the location, real-estate prices and incomes....
Persistent link: https://www.econbiz.de/10014131627