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This work is inspired by the daily operations of Hema supermarket, which is a recently established “new retail” model by Alibaba Group, China. In a Hema supermarket store, a single SKU may be presented with demand in the form of multiple channels. The challenge facing Hema is to stock...
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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 in this paper an online matching problem where a central platform needs to match a number of limited resources to different groups of users that arrive sequentially over time. The reward of each matching option depends both on the type of resource and the time period the user arrives....
Persistent link: https://www.econbiz.de/10012845338
We study the classic multi-period joint pricing and inventory control problem in a data-driven setting.In this problem, a retailer makes periodic decisions on the prices and inventory levels of an item that she wishes to sell. The retailer's objective is to maximize the expected profit over a...
Persistent link: https://www.econbiz.de/10012890460
We study a single product pricing problem with demand censoring in an offline data-driven setting. In this problem, a retailer is given a finite amount of inventory, and faces a random demand that is price sensitive in a linear fashion with unknown price sensitivity and base demand distribution....
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