Revenue Management Under a General Discrete Choice Model of Consumer Behavior
From MaRDI portal
Publication:3395494
DOI10.1287/mnsc.1030.0147zbMath1168.91427OpenAlexW2144425834MaRDI QIDQ3395494
Kalyan T. Talluri, Garrett J. van Ryzin
Publication date: 2 September 2009
Published in: Management Science (Search for Journal in Brave)
Full work available at URL: http://hdl.handle.net/10230/662
dynamic programmingmaximum likelihood estimationrevenue managementEM methodyield managementdiscrete choice theory
Production theory, theory of the firm (91B38) Dynamic programming (90C39) Consumer behavior, demand theory (91B42)
Related Items
Asymptotically optimal dynamic pricing for network revenue management ⋮ Constrained Assortment Optimization Under the Paired Combinatorial Logit Model ⋮ Technical Note—Capacitated Assortment Optimization: Hardness and Approximation ⋮ Online Assortment and Market Segmentation under Bertrand Competition with Set-Dependent Revenues ⋮ Continuous Assortment Optimization with Logit Choice Probabilities and Incomplete Information ⋮ Beyond submodularity: a unified framework of randomized set selection with group fairness constraints ⋮ The non-Markovian nature of nested logit choice ⋮ Joint location and cost planning in maximum capture facility location under random utilities ⋮ Opaque selling of multiple substitutable products with finite inventories ⋮ On dynamic pricing under model uncertainty ⋮ Stochastic approximation for uncapacitated assortment optimization under the multinomial logit model ⋮ Pricing for a product with network effects and mixed logit demand ⋮ Constrained multi‐location assortment optimization under the multinomial logit model ⋮ Assortment optimization with position effects under the nested logit model ⋮ Data‐driven research in retail operations—A review ⋮ Callable products for an implicit time model with dependent demands ⋮ Price volatility of revenue managed goods: implications for demand and price elasticity ⋮ Pricing decisions with reference price effect and risk preference customers ⋮ Technical Note—The Multinomial Logit Model with Sequential Offerings: Algorithmic Frameworks for Product Recommendation Displays ⋮ Dynamic Stochastic Matching Under Limited Time ⋮ Callable products with dependent demands ⋮ Recent advances in integrating demand management and vehicle routing: a methodological review ⋮ Robust maximum capture facility location under random utility maximization models ⋮ The impact of seat resource fragmentation on railway network revenue management ⋮ Preference based scheduling in a healthcare provider network ⋮ Reductions of non-separable approximate linear programs for network revenue management ⋮ Tractable Approximations for Assortment Planning with Product Costs ⋮ Exact First-Choice Product Line Optimization ⋮ Consumer Choice Under Limited Attention When Alternatives Have Different Information Costs ⋮ Technical Note—Assortment Optimization with Small Consideration Sets ⋮ MNL-Bandit: A Dynamic Learning Approach to Assortment Selection ⋮ Approximation Algorithms for Product Framing and Pricing ⋮ Assortment Optimization Under the Paired Combinatorial Logit Model ⋮ Pricing and Assortment Strategies with Product Exchanges ⋮ Technical Note—Multiproduct Pricing Under the Generalized Extreme Value Models with Homogeneous Price Sensitivity Parameters ⋮ The Approximability of Assortment Optimization Under Ranking Preferences ⋮ Algorithms for Online Matching, Assortment, and Pricing with Tight Weight-Dependent Competitive Ratios ⋮ Airline network revenue management with buy-up ⋮ Optimal Pricing for a Multinomial Logit Choice Model with Network Effects ⋮ Integrated schedule planning with supply-demand interactions for a new generation of aircrafts ⋮ Approximation Algorithms for Dynamic Assortment Optimization Models ⋮ A refined deterministic linear program for the network revenue management problem with customer choice behavior ⋮ Technical Note—Consumer Choice and Market Expansion: Modeling, Optimization, and Estimation ⋮ Mallows-Smoothed Distribution over Rankings Approach for Modeling Choice ⋮ Assortment Optimization and Pricing Under the Multinomial Logit Model with Impatient Customers: Sequential Recommendation and Selection ⋮ Loss aversion and the uniform pricing puzzle for media and entertainment products ⋮ Two-day appointment scheduling with patient preferences and geometric arrivals ⋮ Assortment optimization under the sequential multinomial logit model ⋮ A framework for solving network revenue management problems with customer choice behavior ⋮ A Constructive Approach to Estimating Pure Characteristics Demand Models with Pricing ⋮ The d-Level Nested Logit Model: Assortment and Price Optimization Problems ⋮ Dynamic pricing of multiple home delivery options ⋮ Technical Note—Assortment Planning for Two-Sided Sequential Matching Markets ⋮ Blood platelet inventory management with protection levels ⋮ Revenue management under customer choice behaviour with cancellations and overbooking ⋮ Dynamic pricing of primary products and ancillary services ⋮ Capacity Constraints Across Nests in Assortment Optimization Under the Nested Logit Model ⋮ Logit network pricing ⋮ Approximation Methods for Pricing Problems Under the Nested Logit Model with Price Bounds ⋮ Optimization and approximation methods for dynamic appointment scheduling with patient choices ⋮ Least squares approximate policy iteration for learning bid prices in choice-based revenue management ⋮ On a semi-dynamic pricing and seat inventory allocation problem ⋮ Semi-Markov information model for revenue management and dynamic pricing ⋮ Parameterized approximations for the two-sided assortment optimization ⋮ A non-parametric approach to demand forecasting in revenue management ⋮ Airline revenue management games with simultaneous price and quantity competition ⋮ Robust assortment optimization under sequential product unavailability ⋮ Demand Estimation and Ordering Under Censoring: Stock-Out Timing Is (Almost) All You Need ⋮ A General Attraction Model and Sales-Based Linear Program for Network Revenue Management Under Customer Choice ⋮ Fractional 0-1 programming and submodularity ⋮ Appointment Scheduling Under Patient Preference and No-Show Behavior ⋮ Dynamic pricing for airline revenue management under passenger mental accounting ⋮ Optimal order quantity in the presence of strategic customers ⋮ On the assortment optimization with endogenized market size ⋮ An optimal stocking problem to minimize the expected time to sellout ⋮ On the linear integration of attraction choice models in business optimization problems ⋮ The effect of market segmentation with demand leakage between market segments on a firm's price and inventory decisions ⋮ A stochastic approach to professional services firms' revenue optimization ⋮ Reservation and allocation policies for influenza vaccines ⋮ A Lagrangian decomposition scheme for choice-based optimization ⋮ A strong Lagrangian relaxation for general discrete-choice network revenue management ⋮ Product price alignment with seller service rating and consumer satisfaction ⋮ Passenger demand forecasting in scheduled transportation ⋮ Product-closing approximation for ranking-based choice network revenue management ⋮ Design and pricing of extended warranty menus based on the multinomial logit choice model ⋮ Combinatorial assortment optimization ⋮ Capacitated assortment and price optimization under the multinomial logit model ⋮ Network revenue management with inventory-sensitive bid prices and customer choice ⋮ New Formulations for Choice Network Revenue Management ⋮ Efficient compact linear programs for network revenue management ⋮ Improved bid prices for choice-based network revenue management ⋮ Unconstraining methods in revenue management systems: research overview and prospects ⋮ Collaborative optimization of stop schedule plan and ticket allotment for the intercity train ⋮ Integrated express shipment service network design with customer choice and endogenous delivery time restrictions ⋮ Revenue management for low-cost providers ⋮ Demand estimation under multi-store multi-product substitution in high density traditional retail ⋮ Assortment planning with nested preferences: dynamic programming with distributions as states? ⋮ Optimal dynamic price selection under attraction choice models ⋮ Optimal fences and joint price and inventory decisions in distinct markets with demand leakage ⋮ Dynamic pricing when consumers are strategic: analysis of posted and contingent pricing schemes ⋮ A revenue management problem with a choice model of consumer behaviour in a random environment ⋮ Discovering heterogeneous consumer groups from sales transaction data ⋮ Dynamic capacity allocation for group bookings in live entertainment ⋮ A greedy algorithm for the two-level nested logit model ⋮ Network capacity control under a nonparametric demand choice model ⋮ Assortment optimization over time ⋮ Dynamic channel control and pricing of a single perishable product on multiple distribution channels ⋮ A review of choice-based revenue management: theory and methods ⋮ Identifying and responding to outlier demand in revenue management ⋮ An exact method for assortment optimization under the nested logit model ⋮ On the sum-product ratio problem and its applications ⋮ Reductions of Approximate Linear Programs for Network Revenue Management ⋮ Dynamic Capacity Management with General Upgrading ⋮ On a Piecewise-Linear Approximation for Network Revenue Management ⋮ The Exponomial Choice Model: A New Alternative for Assortment and Price Optimization ⋮ Joint Inventory and Markdown Management for Perishable Goods with Strategic Consumer Behavior ⋮ Near-Optimal Algorithms for the Assortment Planning Problem Under Dynamic Substitution and Stochastic Demand ⋮ Capacitated assortment and price optimization under the multilevel nested logit model ⋮ Robust assortment optimization using worst-case CVaR under the multinomial logit model ⋮ Assortment planning for vertically differentiated products under a consider-then-choose model ⋮ Two-period dynamic versus fixed-ratio pricing policies under duopoly competition ⋮ Assortment optimisation under a general discrete choice model: a tight analysis of revenue-ordered assortments ⋮ The Multiproduct Newsvendor Problem with Customer Choice ⋮ Technical Note—Capacitated Assortment Optimization Under the Multinomial Logit Model with Nested Consideration Sets ⋮ High price or low price? An experimental study on a markdown pricing policy ⋮ Greedy-Like Algorithms for Dynamic Assortment Planning Under Multinomial Logit Preferences ⋮ Assortment Optimization Under the Multinomial Logit Model with Sequential Offerings ⋮ A Markov Chain Approximation to Choice Modeling ⋮ Assortment planning for multiple chain stores ⋮ Optimal search segmentation mechanisms for online platform markets ⋮ Pricing substitutable flights in airline revenue management ⋮ Revenue management for a supply chain with two streams of customers ⋮ Integration of pricing and capacity allocation for perishable products ⋮ A choice-based optimization approach for contracting in supply chains ⋮ Mathematical programming models for revenue management under customer choice ⋮ Capacitated assortment and price optimization under the nested logit model ⋮ Heteroscedastic Exponomial Choice ⋮ Optimal Policy for Dynamic Assortment Planning Under Multinomial Logit Models ⋮ Assortment Optimization Under Variants of the Nested Logit Model ⋮ The impact of customer behavior models on revenue management systems ⋮ Assortment optimization under a multinomial logit model with position bias and social influence ⋮ Customer Choice Models vs. Machine Learning: Finding Optimal Product Displays on Alibaba
