Capacitated assortment and price optimization under the nested logit model

We study the capacitated assortment and price optimization problem, where a retailer sells categories of substitutable products subject to a capacity constraint. The goal of the retailer is to determine the subset of products as well as their selling prices so as to maximize the expected revenue. We...

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Bibliographic Details
Published in:	Journal of global optimization Vol. 77; no. 4; pp. 895 - 918
Main Authors:	Chen, Rui, Jiang, Hai
Format:	Journal Article
Language:	English
Published:	New York Springer US 01.08.2020 Springer Springer Nature B.V
Subjects:	Algorithms Approximation Cardinal-birds Computer Science Logit models Mathematical analysis Mathematics Mathematics and Statistics Multiple choice Operations Research/Decision Theory Optimization Polynomials Real Functions Assortment optimization Nested logit model Approximate algorithm Combinatorial optimization
ISSN:	0925-5001, 1573-2916
Online Access:	Get full text
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