منابع مشابه
Assortment optimization over time
In this note we introduce the problem of assortment optimization over time. We have a sequence of time steps and can introduce one new product per time step. Once introduced a product can not be removed. The goal is to determine which products to introduce so as to maximize revenue over all time steps under some choice model. Given a 1/α-approximation algorithm for the capacitated assortment op...
متن کاملThe Determinants of Assortment Composition and Assortment Size at U
This paper empirically investigates the determinants of supermarkets' assortment composition and assortment size decisions. We define measures of assortment similarity and use a unique cross-sectional store-level data set to analyze how assortment composition and assortment size are related to underlying factors that describe local store clientele, local competitive structure, and the retailorg...
متن کاملOptimal Dynamic Assortment Planning
We study a family of stylized assortment planning problems, where arriving customers make purchase decisions among offered products based on maximizing their utility. Given limited display capacity and no a priori information on consumers’ utility, the retailer must select which subset of products to offer. By offering different assortments and observing the resulting purchase behavior, the ret...
متن کاملSignaling Value through Assortment
Oftentimes, close competitors carry partially overlapping assortments in seeming contradiction to the principle of maximum differentiation. One of the justifications of such practice is that an overlapping assortment with competitive prices on the common products may prevent further consumer search and therefore could be useful even when profits from the common products do not justify the costs...
متن کاملCombinatorial Assortment Optimization
Assortment optimization refers to the problem of designing a slate of products to offer potential customers, such as stocking the shelves in a convenience store. The price of each product is fixed in advance, and a probabilistic choice function describes which product a customer will choose from any given subset. We introduce the combinatorial assortment problem, where each customer may select ...
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ژورنال
عنوان ژورنال: Science
سال: 2009
ISSN: 0036-8075,1095-9203
DOI: 10.1126/science.324_1367b