Stocking Retail Assortments Under Dynamic Consumer Substitution

DOI10.1287/OPRE.49.3.334.11210zbMATH Open1163.90339OpenAlexW2169725625MaRDI QIDQ3635005FDOQ3635005

Garrett van Ryzin, Siddharth Mahajan

Publication date: 3 July 2009

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

Full work available at URL: https://semanticscholar.org/paper/96701a7338bb54624183d1264f598ac2264cbf38

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zbMATH Keywords

choice and inventory decisionsconsumer substitution

Mathematics Subject Classification ID

Approximation methods and heuristics in mathematical programming (90C59) Consumer behavior, demand theory (91B42) Inventory, storage, reservoirs (90B05)

Cited In (70)

• Adaptive sampling line search for local stochastic optimization with integer variables
• Optimal Policy for Dynamic Assortment Planning Under Multinomial Logit Models
• Near-optimal algorithms for the assortment planning problem under dynamic substitution and stochastic demand
• Technical Note—An Expectation-Maximization Algorithm to Estimate the Parameters of the Markov Chain Choice Model
• The Discrete Two-Dimensional Assortment Problem
• Assortment and inventory decisions with multiple quality levels
• Joint replenishment model for multiple products with substitution
• Promoting sustainability of automotive products through strategic assortment planning
• The Multiproduct Newsvendor Problem with Customer Choice
• Assortment planning with nested preferences: dynamic programming with distributions as states?
• A review of choice-based revenue management: theory and methods
• The multi-item newsvendor model with cross-selling and the solution when demand is jointly normally distributed
• Inventory competition for newsvendors under the objective of profit satisficing
• Joint assortment and inventory optimization for vertically differentiated products under consumer-driven substitution
• Which strategy is better for managing multi-product demand uncertainty: inventory substitution or probabilistic selling?
• Simulation Optimization: A Review and Exploration in the New Era of Cloud Computing and Big Data
• Stock selection heuristics for interdependent items
• The impact of product substitution on retail merchandising
• A classification of the literature on the planning of substitutable products
• Pricing to accelerate demand learning in dynamic assortment planning for perishable products
• Assortment optimization under the multinomial logit model with product synergies
• Pricing substitutable flights in airline revenue management
• Bundle pricing of inventories with stochastic demand
• Joint decisions on product line selection, purchasing, and pricing
• Approximation Algorithms for Dynamic Assortment Optimization Models
• An efficient algorithm for capacitated assortment planning with stochastic demand and substitution
• A model and case study for efficient shelf usage and assortment analysis
• A stochastic approximation method for the single-leg revenue management problem with discrete demand distributions
• Robust assortment optimization under sequential product unavailability
• Evaluation of inventory policies with unidirectional substitutions
• Greedy-Like Algorithms for Dynamic Assortment Planning Under Multinomial Logit Preferences
• Demand Shaping Through Bundling and Product Configuration: A Dynamic Multiproduct Inventory-Pricing Model
• Conditions that cause risk pooling to increase inventory
• Inventory and coordination issues with two substitutable products
• Optimizing product assortment under customer-driven demand substitution
• Assortment optimization under variants of the nested logit model
• Inventory management under price-based and stockout-based substitution
• An Integrated Model of EOQ and Newsboy Problem for Substitutable Items with Space Constraints
• The top-dog index: a new measurement for the demand consistency of the size distribution in pre-pack orders for a fashion discounter with many small branches
• A branch-and-cut algorithm for the latent-class logit assortment problem
• A PTAS for capacitated sum-of-ratios optimization
• In-out algorithm for assortment planning under a ranking-based consumer choice model
• A Markov chain approximation to choice modeling
• Bayesian Optimization with Expensive Integrands
• Technical Note—Assortment Optimization with Small Consideration Sets
• Network capacity control under a nonparametric demand choice model
• A stochastic approximation algorithm to compute bid prices for joint capacity allocation and overbooking over an airline network
• Optimal production, pricing, and substitution policies in continuous review production-inventory systems
• Private labels and retail assortment planning: a differential evolution approach
• Retail store operations: literature review and research directions
• Computer science and decision theory
• Assortment optimization over time
• Technical Note—A Conic Integer Optimization Approach to the Constrained Assortment Problem Under the Mixed Multinomial Logit Model
• Technical Note—Multiproduct Inventory Management Under Customer Substitution and Capacity Restrictions
• Capacitated strategic assortment planning under explicit demand substitution
• The Approximability of Assortment Optimization Under Ranking Preferences
• An optimal stocking problem to minimize the expected time to sellout
• Product assortment and space allocation strategies to attract loyal and non-loyal customers
• Generalized Restless Bandits and the Knapsack Problem for Perishable Inventories
• Transformer-based choice model: a tool for assortment optimization evaluation
• An enhanced conic reformulation for capacity-constrained assortment optimization under the mixture of multinomial logit model
• A note to the objective function for centralized case in Netessine and Rudi's inventory model
• Technical Note—Dynamic Data-Driven Estimation of Nonparametric Choice Models
• Constrained multi‐location assortment optimization under the multinomial logit model
• Pricing heterogeneous products to heterogeneous customers who buy sequentially
• An extended \(\varepsilon \)-constraint method for a bi-objective assortment optimization problem
• Plausible Screening Using Functional Properties for Simulations with Large Solution Spaces
• Assortment optimization: a systematic literature review
• Multi-plant manufacturing assortment planning in the presence of transshipments
• Personalized Retail Promotions Through a Directed Acyclic Graph–Based Representation of Customer Preferences

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