Dynamic assortment with demand learning for short life-cycle consumer goods

Dynamic assortment with demand learning for short life-cycle consumer goods

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Article ID: iaor20052899
Country: United States
Volume: 7
Issue: 1
Start Page Number: 94
End Page Number: 97
Publication Date: Dec 2005
Journal: Manufacturing & Service Operations Management
Authors:
Keywords: programming: dynamic
Abstract:

This is an extended abstract of a paper that was a finalist in the Manufacturing and Service Operations Management Society's 2004 Student Paper Competition. A discrete-time dynamic programming model is developed for the dynamic assortment problem faced by a fast-fashion retailer refining estimates of consumer demand for products over time.

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