A greedy algorithm for the two-level nested logit model

DOI10.1016/J.ORL.2014.05.006MaRDI QIDQ1785243zbMATH OpenOpenAlexFDO

Authors Guang Li, Paat Rusmevichientong

Publication date 28 September 2018

Published in Operations Research Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.orl.2014.05.006

zbMATH Keywords

greedy algorithmoptimality conditionassortment optimizationrevenue managementcustomer choicenested logit model

Mathematics Subject Classification ID

Combinatorial optimization (90C27) Consumer behavior, demand theory (91B42) Inventory, storage, reservoirs (90B05)

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Cites work

• scientific article; zbMATH DE number 1052006 (Why is no real title available?)
• A PTAS for capacitated sum-of-ratios optimization
• Assortment optimization under variants of the nested logit model
• Assortment planning and inventory decisions under a locational choice model
• Assortment planning and inventory decisions under stockout-based substitution
• Discrete Choice Methods with Simulation
• Revenue Management Under a General Discrete Choice Model of Consumer Behavior

Cited in

(13)

• Pricing competition under specific discrete choice models
• Assortment planning for multiple chain stores
• Technical note -- Approximation schemes for capacity-constrained assortment optimization under the nested logit model
• Technical note: Assortment optimization with small consideration sets
• The \(d\)-level nested logit model: assortment and price optimization problems
• A tractable discrete fractional programming: application to constrained assortment optimization
• A review of choice-based revenue management: theory and methods
• Capacity constraints across nests in assortment optimization under the nested logit model
• On the assortment optimization with endogenized market size
• A two step algorithm for solving a large scale semi-definite logit model
• An exact method for assortment optimization under the nested logit model
• Capacitated assortment and price optimization under the nested logit model
• Assortment optimization with position effects under the nested logit model

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