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 …

A retailer's assortment is defined by the set of products carried in each store at each point in
time. The goal of assortment planning is to specify an assortment that maximizes sales or …

Revenue management can be defined as a data-driven, computerized system to support the
tactical pricing of perishable assets at the micro-market level to maximize expected …

Network externality arises when the utility of a product depends not only on its attributes but
also on the number of consumers who purchase the same product. In this paper, we study …

Choice-based demand estimation is a fundamental task in retail operations and revenue
management, providing necessary input data for inventory control, assortment, and price …

The selection of products and prices offered by a firm significantly impacts its profits. Existing
approaches do not provide flexible models that capture the joint effect of assortment and …

We study a product-line price optimization problem with demand given by a discrete mixed
multinomial logit (MMNL) model. The market is divided into a finite number of market …

Revenue management (RM) is the application of analytical methodologies and tools that
predict consumer behavior and optimize product availability and prices to maximize a firm's …

Choice models are widely applied in psychology, economics, transportation, marketing, and
operations studies. We review the existing developments on the modeling of consumers' …

In this paper, we consider the yet-uncharted assortment optimization problem under the
exponomial choice model, in which the objective is to determine the revenue-maximizing set …