Showing 1 - 3 of 3
The decision forest model is a recently proposed nonparametric choice model that is capable of representing any discrete choice model and in particular, can be used to represent non-rational customer behavior. In this paper, we study the problem of finding the assortment that maximizes expected...
Persistent link: https://www.econbiz.de/10013236892
We propose a randomized method for solving linear programs with a large number of columns but a relatively small number of constraints. Since enumerating all the columns is usually unrealistic, such linear programs are commonly solved by column generation, which is often still computationally...
Persistent link: https://www.econbiz.de/10012827807
Customer behavior is often assumed to follow weak rationality, which implies that adding a product to an assortment will not increase the choice probability of another product in that assortment. However, an increasing amount of research has revealed that customers are not necessarily rational...
Persistent link: https://www.econbiz.de/10014106627