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We consider an assortment optimization problem where a customer chooses a single item from a sequence of sets shown to her, while limited inventories constrain the items offered to customers over time. In the special case where all of the assortments have size one, our problem captures the...
Persistent link: https://www.econbiz.de/10012848019
We study a general problem of allocating limited resources to heterogeneous customers over time, under model uncertainty. Each type of customer can be serviced using different actions, each of which stochastically consumes some combination of resources, and returns different rewards for the...
Persistent link: https://www.econbiz.de/10012912567
We study the joint assortment and inventory planning problem with stockout-based substitution. In this problem, we pick the number of units to stock for the products at the beginning of the selling horizon. Each arriving customer makes a choice among the set of products with remaining on-hand...
Persistent link: https://www.econbiz.de/10014357687
When building datasets, one needs to invest time, money and energy to either aggregate more data or to improve their quality. The most common practice favors quantity over quality without necessarily quantifying the trade-off that emerges. In this work, we study data-driven contextual...
Persistent link: https://www.econbiz.de/10014260628
Persistent link: https://www.econbiz.de/10013260109
Persistent link: https://www.econbiz.de/10014527946
In this paper, we consider a personalized assortment planning problem under inventory constraints, where the type of each arriving customer is defined by a primary item of interest. As long as that item is in stock, the customer adds it to her shopping cart, at which point the retailer can...
Persistent link: https://www.econbiz.de/10012902776