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When sales of a product are affected by randomness in demand, retailers can use dynamic pricing strategies to maximise their profits. In this article the pricing problem is formulated as a stochastic optimal control problem, where the…

最优化与控制 · 数学 2017-10-17 Asbjørn N. Riseth , Jeff N. Dewynne , Chris L. Farmer

We study a multi-objective model on the allocation of reusable resources under model uncertainty. Heterogeneous customers arrive sequentially according to a latent stochastic process, request for certain amounts of resources, and occupy…

最优化与控制 · 数学 2023-08-02 Xilin Zhang , Wang Chi Cheung

The arrangement of products in store shelves is carefully planned to maximize sales and keep customers happy. However, verifying compliance of real shelves to the ideal layout is a costly task routinely performed by the store personnel. In…

计算机视觉与模式识别 · 计算机科学 2017-09-20 Alessio Tonioni , Luigi Di Stefano

E-grocery retailing enables ordering products online to be delivered at a future time slot chosen by the customer. This emerging field of business provides retailers with large and comprehensive new data sets, yet creates several challenges…

综合经济学 · 经济学 2024-04-08 David Winkelmann , Matthias Ulrich , Michael Römer , Roland Langrock , Hermann Jahnke

Fashion merchandising is one of the most complicated problems in forecasting, given the transient nature of trends in colours, prints, cuts, patterns, and materials in fashion, the economies of scale achievable only in bulk production, as…

其他计算机科学 · 计算机科学 2019-07-04 Pawan Kumar Singh , Yadunath Gupta , Nilpa Jha , Aruna Rajan

We study consumer demand in large-scale retail settings with many products, multiple categories and repeated purchase behavior. While inertia and brand loyalty are well documented, existing discrete choice models typically focus on single…

计量经济学 · 经济学 2026-05-25 Daniel Brunner , Florian Heiss , Anna B. Schmidt

One key requirement for effective supply chain management is the quality of its inventory management. Various inventory management methods are typically employed for different types of products based on their demand patterns, product…

机器学习 · 计算机科学 2020-11-17 Elham Taghizadeh

In contemporary retail, the variety of products available (e.g. clothing, groceries, cosmetics, frozen goods) make it difficult to predict the demand, prevent stockouts, and find high-potential products. We suggest an agentic AI model that…

人工智能 · 计算机科学 2025-12-01 Toqeer Ali Syed , Salman Jan , Gohar Ali , Ali Akarma , Ahmad Ali , Qurat-ul-Ain Mastoi

E-commerce is shifting from search-based shopping to agentic purchasing. Rather than relying on keywords, AI shopping agents learn customer preferences through targeted multi-round conversations and then recommend a tailored set of…

计算机科学与博弈论 · 计算机科学 2026-03-24 Shengyu Cao , Ming Hu

This paper explores the application of a reinforcement learning (RL) framework using the Q-Learning algorithm to enhance dynamic pricing strategies in the retail sector. Unlike traditional pricing methods, which often rely on static demand…

机器学习 · 计算机科学 2024-11-28 Mohit Apte , Ketan Kale , Pranav Datar , Pratiksha Deshmukh

This study develops an online predictive optimization framework for dynamically operating a transit service in an area of crowd movements. The proposed framework integrates demand prediction and supply optimization to periodically redesign…

机器学习 · 统计学 2020-02-25 Inon Peled , Kelvin Lee , Yu Jiang , Justin Dauwels , Francisco C. Pereira

In this study, we analyze and compare the performance of state-of-the-art deep reinforcement learning algorithms for solving the supply chain inventory management problem. This complex sequential decision-making problem consists of…

机器学习 · 计算机科学 2025-01-07 Francesco Stranieri , Fabio Stella

Demand forecasting is a central component of the replenishment process for retailers, as it provides crucial input for subsequent decision making like ordering processes. In contrast to point estimates, such as the conditional mean of the…

机器学习 · 计算机科学 2021-07-23 F. Wick , U. Kerzel , M. Hahn , M. Wolf , T. Singhal , D. Stemmer , J. Ernst , M. Feindt

The recent M5 competition has advanced the state-of-the-art in retail forecasting. However, we notice important differences between the competition challenge and the challenges we face in a large e-commerce company. The datasets in our…

The physical sciences are replete with dynamical systems that require the resolution of a wide range of length and time scales. This presents significant computational challenges since direct numerical simulation requires discretization at…

机器学习 · 计算机科学 2025-11-11 Andrew F. Ilersich , Prasanth B. Nair

Assortment optimization is an important problem that arises in many industries such as retailing and online advertising where the goal is to find a subset of products from a universe of substitutable products which maximize seller's…

理论经济学 · 经济学 2020-12-15 Kumar Goutam , Vineet Goyal , Agathe Soret

This paper investigates a stochastic inventory management problem in which a cash-constrained small retailer periodically purchases a product from suppliers and sells it to a market while facing non-stationary demands. In each period, the…

最优化与控制 · 数学 2021-08-13 Zhen Chen , Roberto Rossi

Developing shopping experiences that delight the customer requires businesses to understand customer taste. This work reports a method to learn the shopping preferences of frequent shoppers to an online gift store by combining ideas from…

We study the spatio-temporal prediction problem and introduce a novel point-process-based prediction algorithm. Spatio-temporal prediction is extensively studied in Machine Learning literature due to its critical real-life applications such…

机器学习 · 统计学 2021-03-17 Oguzhan Karaahmetoglu , Suleyman S. Kozat

We consider assortment and inventory planning problems with dynamic stockout-based substitution effects, and without replenishment, in two different settings: (1) Customers can see all available products when they arrive, a typical scenario…

最优化与控制 · 数学 2025-01-09 Shuo Sun , Rajan Udwani , Zuo-Jun Max Shen