A comparative empirical study of discrete choice models in retail operations

G Berbeglia, A Garassino… - Management Science, 2022 - pubsonline.informs.org
Choice-based demand estimation is a fundamental task in retail operations and revenue
management, providing necessary input data for inventory control, assortment, and price …

[HTML][HTML] Towards machine learning for moral choice analysis in health economics: A literature review and research agenda

NVR Smeele, CG Chorus, MHN Schermer… - Social science & …, 2023 - Elsevier
Abstract Background Discrete choice models (DCMs) for moral choice analysis will likely
lead to erroneous model outcomes and misguided policy recommendations, as only some …

Decision forest: A nonparametric approach to modeling irrational choice

YC Chen, VV Mišić - Management Science, 2022 - pubsonline.informs.org
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 …

Representing random utility choice models with neural networks

A Aouad, A Désir - arxiv preprint arxiv:2207.12877, 2022 - arxiv.org
Motivated by the successes of deep learning, we propose a class of neural network-based
discrete choice models, called RUMnets, inspired by the random utility maximization (RUM) …

The use of binary choice forests to model and estimate discrete choices

N Chen, G Gallego, Z Tang - arxiv preprint arxiv:1908.01109, 2019 - arxiv.org
Problem definition. In retailing, discrete choice models (DCMs) are commonly used to
capture the choice behavior of customers when offered an assortment of products. When …

Assortment optimization under the decision forest model

YC Akchen, VV Mišić - arxiv preprint arxiv:2103.14067, 2021 - arxiv.org
We study the problem of finding the optimal assortment that maximizes expected revenue
under the decision forest model, a recently proposed nonparametric choice model that is …

The value of robust assortment optimization under ranking-based choice models

B Sturt - Management Science, 2024 - pubsonline.informs.org
We study a class of robust assortment optimization problems that was proposed by Farias et
al.[Farias VF, Jagabathula S, Shah D (2013) A nonparametric approach to modeling choice …

Modeling, Prediction, Assortment and Price Optimization Under Consumer Choice Behavior

C Ke, A Li, R Wang - Foundations and Trends® in …, 2025 - nowpublishers.com
Understanding how consumers make choices is of paramount importance, as it offers
insights into consumer purchase behavior across multiple products, enables accurate …

On the estimation of discrete choice models to capture irrational customer behaviors

SD Jena, A Lodi, C Sole - INFORMS Journal on Computing, 2022 - pubsonline.informs.org
The random utility maximization model is by far the most adopted framework to estimate
consumer choice behavior. However, behavioral economics has provided strong empirical …

Modeling Choice via Self-Attention

J Ko, AA Li - arxiv preprint arxiv:2311.07607, 2023 - arxiv.org
Models of choice are a fundamental input to many now-canonical optimization problems in
the field of Operations Management, including assortment, inventory, and price optimization …