We consider a single-period assortment planning and inventory management problem for a retailer, using a locational choice model to represent consumer demand. We first determine the optimal variety, product location, and inventory decisions under static substitution, and show that the optimal assortment consists of products equally spaced out such that there is no substitution among them regardless of the distribution of consumer preferences. The optimal solution can be such that some customers prefer not to buy any product in the assortment, and such that the most popular product is not offered. We then obtain bounds on profit when customers dynamically substitute, using the static substitution for the lower bound, and a retailer-controlle...
We study two major issues in retail inventory management: (1) The optimal set of variants (the asso...
a b s t r a c t The problem of product assortment and inventory planning under customer-driven deman...
A retailer's product selection decisions are largely driven by her assumptions on how consumers make...
We consider a single-period assortment planning and inventory management problem for a retailer, usi...
We consider a single-period assortment planning and inventory management problem for a retailer, usi...
We consider a single-period assortment planning and inventory management problem for a retailer, usi...
We consider a single-period assortment planning and inventory management problem for a retailer, usi...
We consider a single-period assortment planning and inventory management problem for a retailer, usi...
We consider a single-period assortment planning and inventory management problem for a retailer, usi...
We present an efficient dynamic programming algorithm to determine the optimal assortment and invent...
We present an efficient dynamic programming algorithm to determine the optimal assortment and invent...
We present an efficient dynamic programming algorithm to determine the optimal assortment and invent...
We present an efficient dynamic programming algorithm to determine the optimal assortment and invent...
We present an efficient dynamic programming algorithm to determine the optimal assortment and invent...
We consider the problem of a monopolist retailer choosing the optimal assortment and in-ventory leve...
We study two major issues in retail inventory management: (1) The optimal set of variants (the asso...
a b s t r a c t The problem of product assortment and inventory planning under customer-driven deman...
A retailer's product selection decisions are largely driven by her assumptions on how consumers make...
We consider a single-period assortment planning and inventory management problem for a retailer, usi...
We consider a single-period assortment planning and inventory management problem for a retailer, usi...
We consider a single-period assortment planning and inventory management problem for a retailer, usi...
We consider a single-period assortment planning and inventory management problem for a retailer, usi...
We consider a single-period assortment planning and inventory management problem for a retailer, usi...
We consider a single-period assortment planning and inventory management problem for a retailer, usi...
We present an efficient dynamic programming algorithm to determine the optimal assortment and invent...
We present an efficient dynamic programming algorithm to determine the optimal assortment and invent...
We present an efficient dynamic programming algorithm to determine the optimal assortment and invent...
We present an efficient dynamic programming algorithm to determine the optimal assortment and invent...
We present an efficient dynamic programming algorithm to determine the optimal assortment and invent...
We consider the problem of a monopolist retailer choosing the optimal assortment and in-ventory leve...
We study two major issues in retail inventory management: (1) The optimal set of variants (the asso...
a b s t r a c t The problem of product assortment and inventory planning under customer-driven deman...
A retailer's product selection decisions are largely driven by her assumptions on how consumers make...