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A review of choice-based revenue management: Theory and methods
Over the last fifteen years, the theory and practice of revenue management has experienced
significant developments due to the need to incorporate customer choice behavior. In this …
significant developments due to the need to incorporate customer choice behavior. In this …
A review of revenue management: Recent generalizations and advances in industry applications
Originating from passenger air transport, revenue management has evolved into a general
and indispensable methodological framework over the last decades, comprising techniques …
and indispensable methodological framework over the last decades, comprising techniques …
A Markov chain approximation to choice modeling
Assortment planning is an important problem that arises in many industries such as retailing
and airlines. One of the key challenges in an assortment planning problem is to identify the …
and airlines. One of the key challenges in an assortment planning problem is to identify the …
Dynamic assortment optimization with a multinomial logit choice model and capacity constraint
We consider an assortment optimization problem where a retailer chooses an assortment of
products that maximizes the profit subject to a capacity constraint. The demand is …
products that maximizes the profit subject to a capacity constraint. The demand is …
Assortment optimization under variants of the nested logit model
We study a class of assortment optimization problems where customers choose among the
offered products according to the nested logit model. There is a fixed revenue associated …
offered products according to the nested logit model. There is a fixed revenue associated …
Assortment optimization under the multinomial logit model with random choice parameters
We consider assortment optimization problems under the multinomial logit model, where the
parameters of the choice model are random. The randomness in the choice model …
parameters of the choice model are random. The randomness in the choice model …
Real-time optimization of personalized assortments
Motivated by the availability of real-time data on customer characteristics, we consider the
problem of personalizing the assortment of products for each arriving customer. Using actual …
problem of personalizing the assortment of products for each arriving customer. Using actual …
A nonparametric approach to modeling choice with limited data
Choice models today are ubiquitous across a range of applications in operations and
marketing. Real-world implementations of many of these models face the formidable …
marketing. Real-world implementations of many of these models face the formidable …
On the choice-based linear programming model for network revenue management
Gallego et al.[Gallego, G., G. Iyengar, R. Phillips, A. Dubey. 2004. Managing flexible
products on a network. CORC Technical Report TR-2004-01, Department of Industrial …
products on a network. CORC Technical Report TR-2004-01, Department of Industrial …
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 …
nested logit model and there are constraints on the set of products offered in each nest …