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An efficient algorithm for large-scale dynamic assortment planning problems

delete2025-09-15
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AI
L
Lijue Lu
H
Hamed Jalali *
M
Mozart B.C. Menezes
DOI:10.1016/j.ejor.2025.09.017delete
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Abstract

Abstract

En 中文
• Assortment planning with dynamic or stockout-based substitution. • Maximize revenue subject to capacity constraint on the total inventory. • Efficient heuristic for large-scale problems faced by e-retailers. • Ranking-based choice model is used with no assumptions on the substitution pattern. • Our heuristic yields fast, high-quality results in extensive numerical experiments.
Keywords:
Heuristics
Assortment planning
Dynamic substitution
Submodularity
Greedy
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Journal

European Journal of Operational Research cover
European Journal of Operational Research
IF:
6
Papers:
2.2W
Citations:
6.4W

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