Multi-period price optimization problem for omnichannel retailers accounting for customer heterogeneity
Sign Up to like & getrecommendations! Published in 2019 at "International Journal of Production Economics"
DOI: 10.1016/j.ijpe.2019.02.016
Abstract: Abstract In recent times many brick and mortar retailers have considered adding online channels to compete with e-tailers. These retailers have further enabled omnichannel features into their businesses considering customer's channel switching behavior. This article… read more here.
Keywords: optimization; price optimization; optimization problem; price ... See more keywords
Joint Assortment and Price Optimization With Multiple Purchases
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DOI: 10.1177/10591478241279560
Abstract: In this article, we incorporate the effects of multi-unit purchases into consumer choice models and investigate the associated joint assortment and price optimization problems. Under the proposed two-stage choice framework, consumers first form a consideration… read more here.
Keywords: multiple purchases; assortment price; price; joint assortment ... See more keywords
Model of Price Optimization as a Part of Hotel Revenue Management—Stochastic Approach
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DOI: 10.3390/math9131552
Abstract: The paper is focusing on the problem of price optimization in the area of accommodation services. The main aim is to propose a novel simulation-based methodology of price optimization based on the customer’s price acceptance.… read more here.
Keywords: optimization; revenue management; price optimization; stochastic approach ... See more keywords