Data analytics in operations management: A review
Research in operations management has traditionally focused on models for understanding,
mostly at a strategic level, how firms should operate. Spurred by the growing availability of …
mostly at a strategic level, how firms should operate. Spurred by the growing availability of …
A review of choice-based revenue management: Theory and methods
Over the last fifteen years, the theory and practice of revenue management has experienced
significant developments due to the need to incorporate customer choice behavior. In this …
significant developments due to the need to incorporate customer choice behavior. In this …
Assortment optimization under consider-then-choose choice models
Consider-then-choose models, borne out by empirical literature in marketing and
psychology, explain that customers choose among alternatives in two phases, by first …
psychology, explain that customers choose among alternatives in two phases, by first …
Near-optimal bayesian online assortment of reusable resources
Motivated by the applications of rental services in e-commerce, we consider revenue
maximization in online assortment of reusable resources for a stream of arriving consumers …
maximization in online assortment of reusable resources for a stream of arriving consumers …
Lagrangian inference for ranking problems
We propose a novel combinatorial inference framework to conduct general uncertainty
quantification in ranking problems. We consider the widely adopted Bradley-Terry-Luce …
quantification in ranking problems. We consider the widely adopted Bradley-Terry-Luce …
Exact first-choice product line optimization
D Bertsimas, VV Mišić - Operations Research, 2019 - pubsonline.informs.org
A fundamental problem faced by firms is that of product line design: given a set of candidate
products that may be offered to a collection of customers, what subset of those products …
products that may be offered to a collection of customers, what subset of those products …
Constrained assortment optimization under the Markov chain–based choice model
Assortment optimization is an important problem that arises in many practical applications
such as retailing and online advertising. The fundamental goal is to select a subset of items …
such as retailing and online advertising. The fundamental goal is to select a subset of items …
Data‐driven research in retail operations—A review
We review the operations research/management science literature on data‐driven methods
in retail operations. This line of work has grown rapidly in recent years, thanks to the …
in retail operations. This line of work has grown rapidly in recent years, thanks to the …
The exponomial choice model for assortment optimization: An alternative to the MNL model?
In this paper, we consider the yet-uncharted assortment optimization problem under the
exponomial choice model, in which the objective is to determine the revenue-maximizing set …
exponomial choice model, in which the objective is to determine the revenue-maximizing set …
Decision forest: A nonparametric approach to modeling irrational choice
Customer behavior is often assumed to follow weak rationality, which implies that adding a
product to an assortment will not increase the choice probability of another product in that …
product to an assortment will not increase the choice probability of another product in that …