Assortment Optimization under the Paired Combinatorial Logit Model
Assortment Optimization under the Paired Combinatorial Logit Model
复制标题
配对组合Logit模型下的分类优化
DOI:
10.2139/ssrn.3012401
复制
发表时间:
2017
期刊:
影响因子:
--
通讯作者:
Huseyin Topaloglu
中科院分区:
文献类型:
--
作者:
Heng Zhang;Paat Rusmevichientong;Huseyin Topaloglu
When retailers decide which assortment of products to offer, they can make use of a choice model that describes how customers choose and substitute among the products. The key is to use a choice model that faithfully captures the choice process of customers, while making sure that the corresponding problem of finding the revenue-maximizing assortment remains tractable. In “Assortment Optimization Under the Paired Combinatorial Logit Model,” Zhang, Rusmevichientong, and Topaloglu consider the paired combinatorial logit model to capture the choice process of customers. This choice model uses a utility maximization framework to capture the customer choices, and the utilities of the products can have a rather general correlation structure. The authors demonstrate that one can construct algorithms with performance guarantees to solve the assortment optimization problem under this choice model.