Corpus ID: 211096890

Assortment Optimization with Repeated Exposures and Product-dependent Patience Cost

@article{Tang2020AssortmentOW,
  title={Assortment Optimization with Repeated Exposures and Product-dependent Patience Cost},
  author={Shaojie Tang},
  journal={ArXiv},
  year={2020},
  volume={abs/2002.05321}
}
  • Shaojie Tang
  • Published in ArXiv 2020
  • Computer Science, Mathematics
  • In this paper, we study the assortment optimization problem faced by many online retailers such as Amazon. We develop a \emph{cascade multinomial logit model}, based on the classic multinomial logit model, to capture the consumers' purchasing behavior across multiple stages. Different from existing studies, our model allows for repeated exposures of a product, i.e., the same product can be displayed multiple times across different stages. In addition, each consumer has a \emph{patience budget… CONTINUE READING

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