| Abstract: | Inspired by assortment renewal strategies of many industries, we consider the capacitated assortment planning and assortment replacement problem, where the attractiveness of the product decays over time. Based on Locational Choice Model, we transform the assortment optimization problem into a shortest path formulation and characterize the structural properties of the optimal assortment. We also consider the assortment replacement problem, where the retailer is allowed to update the assortment over the horizon. We explore conditions under which the retailer should employ this replacement strategy. |
| Date: | 5 December 2016 |
| Time: | 10:30am - 11:00am |
| Speaker: |
Mr MAO Huiqiang PhD Student Department of Management Sciences City University of Hong Kong |
| Venue: | Room 7-207, 7/F, Academic 3 |
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