Capacitated assortment and price optimization under the multinomial logit model

DOI10.1016/j.orl.2012.08.003zbMath1258.91068OpenAlexW3124368401MaRDI QIDQ1939696

Ruxian Wang

Publication date: 5 March 2013

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

Full work available at URL: https://doi.org/10.1016/j.orl.2012.08.003

zbMATH Keywords

assortment optimizationmultinomial logit modelefficient assortmentmulti-product price optimization

Mathematics Subject Classification ID

Nonlinear programming (90C30) Microeconomic theory (price theory and economic markets) (91B24)

Related Items (24)

Assortment Optimization and Pricing Under the Multinomial Logit Model with Impatient Customers: Sequential Recommendation and Selection ⋮ Probit and nested logit models based on fuzzy measure ⋮ Capacity Constraints Across Nests in Assortment Optimization Under the Nested Logit Model ⋮ Approximation Methods for Pricing Problems Under the Nested Logit Model with Price Bounds ⋮ Optimal worst-case pricing for a logit demand model with network effects ⋮ Joint location and cost planning in maximum capture facility location under random utilities ⋮ Pricing for a product with network effects and mixed logit demand ⋮ Pricing optimization and competition under the linear nested stochastic choice model ⋮ Assortment optimization with position effects under the nested logit model ⋮ Data‐driven research in retail operations—A review ⋮ Price optimization under the extended nested logit model ⋮ Technical Note—Assortment Optimization with Small Consideration Sets ⋮ Pricing and Assortment Strategies with Product Exchanges ⋮ Technical Note—Multiproduct Pricing Under the Generalized Extreme Value Models with Homogeneous Price Sensitivity Parameters ⋮ Capacitated assortment and price optimization for customers with disjoint consideration sets ⋮ Capacitated strategic assortment planning under explicit demand substitution ⋮ Logit choice models for interactive attributes ⋮ Optimal Pricing for a Multinomial Logit Choice Model with Network Effects ⋮ Optimal bundle composition in competition for continuous attributes ⋮ Capacitated assortment and price optimization under the multilevel nested logit model ⋮ Robust assortment optimization using worst-case CVaR under the multinomial logit model ⋮ Assortment Optimization Under the Multinomial Logit Model with Sequential Offerings ⋮ Assortment planning for multiple chain stores ⋮ Capacitated assortment and price optimization under the nested logit model

Cites Work

• A PTAS for capacitated sum-of-ratios optimization
• Assortment Optimization Under Variants of the Nested Logit Model
• Dynamic Assortment Optimization with a Multinomial Logit Choice Model and Capacity Constraint
• Technical Note: Mathematical Properties of the Optimal Product Line Selection Problem Using Choice-Based Conjoint Analysis
• On the Optimal Product Line Selection Problem with Price Discrimination
• Joint Inventory and Pricing Decisions for an Assortment
• Revenue Management Under a General Discrete Choice Model of Consumer Behavior
• Optimizing Multinomial Logit Profit Functions
• Automobile Prices in Market Equilibrium

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