Retailers, from fashion stores to grocery stores, have to decide what range of products to offer, i.e., their product assortment. New business trends, such as mass customization and shorter product life cycles, make predicting demand more difficult, which in turn complicates assortment planning. We propose and study a stochastic dynamic programming model for simultaneously making assortment and...

In many manufacturing problems, multi-objective optimizations are representative models, as objectives considered a conflict with one another. real-life applications, optimizing specific solution concerning objective may end up in unacceptable results the other objectives. Many Manufacturing companies operate under uncertainties and this affects system performance. Stochastic product demand is ...