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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 …
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
Abstract Background Discrete choice models (DCMs) for moral choice analysis will likely
lead to erroneous model outcomes and misguided policy recommendations, as only some …
lead to erroneous model outcomes and misguided policy recommendations, as only some …
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 …
Representing random utility choice models with neural networks
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) …
discrete choice models, called RUMnets, inspired by the random utility maximization (RUM) …
The use of binary choice forests to model and estimate discrete choices
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 …
capture the choice behavior of customers when offered an assortment of products. When …
Assortment optimization under the decision forest model
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 …
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 …
al.[Farias VF, Jagabathula S, Shah D (2013) A nonparametric approach to modeling choice …
Modeling, Prediction, Assortment and Price Optimization Under Consumer Choice Behavior
Understanding how consumers make choices is of paramount importance, as it offers
insights into consumer purchase behavior across multiple products, enables accurate …
insights into consumer purchase behavior across multiple products, enables accurate …
On the estimation of discrete choice models to capture irrational customer behaviors
The random utility maximization model is by far the most adopted framework to estimate
consumer choice behavior. However, behavioral economics has provided strong empirical …
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 …
the field of Operations Management, including assortment, inventory, and price optimization …