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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering
Customer Choice Modeling For Retail Category Assortment Planning And Product-Line Extension, Elham Nosratmirshekarlou
Customer Choice Modeling For Retail Category Assortment Planning And Product-Line Extension, Elham Nosratmirshekarlou
Wayne State University Dissertations
Growing competitiveness and increasing availability of data is generating great interest in data-driven analytics across industries. One of the areas that has gained a lot of attention is Customer choice modeling, which aims to explain the choices individual customers make in choosing from a set of products based on their preferences. While effective customer choice modeling is essential to a wide variety of application domains, including retail, it is challenging in practice due to limitations around the quality of the data available for modeling and potentially complex choice behaviors. This dissertation presents a hybrid modeling approach that relies on both …
An Integrated Framework For Configurable Product Assortment Planning, Seyed Ali Taghavi Behbahani
An Integrated Framework For Configurable Product Assortment Planning, Seyed Ali Taghavi Behbahani
Wayne State University Dissertations
A manufacturer's assortment is the set of products or product configurations that the company builds and offers to its customers. While the literature on assortment planning is growing in recent years, it is primarily aimed at non-durable retail and grocery products. In this study, we develop an integrated framework for strategic assortment planning of configurable products, with a focus on the highly complex automotive industry. The facts that automobiles are highly configurable (with the number of buildable configurations running into thousands, tens of thousands, and even millions) with relatively low sales volumes and the stock-out rates at individual dealerships (even …