Font Size: a A A

New perspectives on incorporating customer choice into revenue management

Posted on:2016-12-19Degree:Ph.DType:Thesis
University:Cornell UniversityCandidate:Feldman, Jacob BelinkoffFull Text:PDF
GTID:2479390017976753Subject:Operations Research
Abstract/Summary:
In this thesis, we consider assortment optimization problems under a variety of customer choice models. In these assortment problems, a retailer has access to a collection of products and she must decide which set of products to make available for purchase with the goal of maximizing the expected revenue derived from each arriving customer. We consider assortment problems when customers choose according to the Markov chain, nested logit and mixtures of multinomial logit choice models.
Keywords/Search Tags:Customer, Choice, Assortment
Related items