Online Supplement Constrained Assortment Optimization for the Nested Logit Model
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منابع مشابه
Constrained Assortment Optimization for the Nested Logit Model
We study assortment optimization problems where customer choices are governed by the nested logit model and there are constraints on the set of products offered in each nest. Under the nested logit model, the products are organized in nests. Each product in each nest has a fixed revenue associated with it. The goal is to find a feasible set of products, i.e. a feasible assortment, to maximize t...
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We consider assortment and price optimization problems under the d-level nested logit model. In the assortment optimization problem, the goal is to find the revenue-maximizing assortment of products to offer, when the prices of the products are fixed. Using a novel formulation of the d-level nested logit model as a tree of depth d, we provide an efficient algorithm to find the optimal assortmen...
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Assortment optimization is an important problem that arises in many practical applications such as retailing and online advertising. In an assortment optimization problem, the goal is to select a subset of items that maximizes the expected revenue in the presence of the substitution behavior of consumers specified by a choice model. In this paper, we consider the capacity constrained version of...
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We consider assortment optimization problems when customers choose according to the nested logit model and there is a capacity constraint limiting the total capacity consumption of all products offered in all nests. When each product consumes one unit of capacity, our capacity constraint limits the cardinality of the offered assortment. For the cardinality constrained case, we develop an effici...
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