Multiple-purchase choice model: estimation and optimization

M Wang, X Zhang, X Li - International Journal of Production Economics, 2023 - Elsevier
Although multiple-purchase behavior is typical in retail practice, the choice model to portray
such behavior is limited in existing research. This paper presents a new multiple-purchase …

Price Optimization for a Multistage<? pag\break?> Choice Model

J Shi, GY Ke, Z Wang, L Zhang - Production and Operations …, 2024 - journals.sagepub.com
<? show [AQ ID= GQ2 POS=-18pt]?><? show [AQ ID= GQ5 POS= 12pt]?> Considering the
real-world situations where a customer's purchase choices in previous stages can influence …

Assortment optimization for the multinomial logit model with repeated customer interactions

N Chen, P Gao, C Wang, Y Wang - Available at SSRN 4526247, 2023 - papers.ssrn.com
This paper presents the multinomial logit model with repeated customer interactions. In each
period, the same customer selects a product from the assortment recommended in that …

Multi-choice preferences learning and assortment recommendation in e-commerce

H Lin, X Li, L Wu - Available at SSRN 4035033, 2022 - papers.ssrn.com
In the fast-growing e-commerce industry, optimizing revenue management is of utmost
importance. Discrete choice models have widely been used to describe customer …

Transformer Choice Net: A Transformer Neural Network for Choice Prediction

H Wang, X Li, K Talluri - arXiv preprint arXiv:2310.08716, 2023 - arxiv.org
Discrete-choice models, such as Multinomial Logit, Probit, or Mixed-Logit, are widely used in
Marketing, Economics, and Operations Research: given a set of alternatives, the customer is …

A unified parsimonious model for structural demand estimation accounting for stockout and substitution

Y Deng, Y Li, JSJ Song - Available at SSRN 4134738, 2022 - papers.ssrn.com
By analyzing a large-scale transactions data set from a grocery chain, we observe that
customers arrive randomly at a non-stationary rate, they usually purchase multiple products …

Pricing optimization and competition under the linear nested stochastic choice model

L Li, GY Ke, M Li, L Zhang - Naval Research Logistics (NRL), 2022 - Wiley Online Library
In this article, we investigate the pricing optimization of firms selling multiple alternatives to
the market where consumer purchase behavior follows the linear nested stochastic choice …

Customer-driven Bundle Promotion Optimization at Scale

A Fattahi, Y Li, O Sahin - Johns Hopkins Carey Business School …, 2022 - papers.ssrn.com
Bundle promotions have become increasingly popular among online retailers due to their
potential in increasing revenue and profit. They take various forms depending on how …

Modeling Customer Choice in Retail Settings Using Novel Data Sources

Z Ziaei - 2024 - search.proquest.com
The customer choice model plays a pivotal role in descriptive, predictive, and prescriptive
analysis in the retail sector. It provides insights into customer preferences and behaviors …

Price Optimization for a Multi-Stage Choice Model

J Shi, G Ke, Z Wang, L Zhang - Available at SSRN 4255327, 2022 - papers.ssrn.com
Considering the real-world situations where past purchases could influence future prices,
this research examines the multi-product price optimization problem under a multi-stage …