A Statistical Learning Approach to Personalization in Revenue Management

A Statistical Learning Approach to Personalization in Revenue Management

We consider a logit model-based framework for modeling joint pricing and assortment decisions that take into account customer features. This model provides a significant advantage when one has insufficient data for any one customer and wishes to generalize learning about one customer’s preferences t...

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Bibliographic Details
Main Authors: Chen, X. (Author), Owen, Z. (Author), Pixton, C. (Author), Simchi-Levi, D. (Author)
Format: Article
Language:English
Published: INFORMS Inst.for Operations Res.and the Management Sciences 2022
Subjects:
assortment optimization
Assortment optimization
Decision making
Economics
Joint pricing
Learning approach
Learning systems
Learning tasks
Logit models
Model-based OPC
personalization
Personalizations
Population statistics
price discrimination
Price discrimination
Revenue management
Sales
Sampling
statistical learning
Statistical learning
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