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Record W3010190843 · doi:10.1287/mnsc.2020.3641

Promotion Optimization for Multiple Items in Supermarkets

2020· article· en· W3010190843 on OpenAlexaff
Maxime C. Cohen, Jeremy J. Kalas, Georgia Perakis

Bibliographic record

VenueManagement Science · 2020
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicConsumer Market Behavior and Pricing
Canadian institutionsMcGill University
FundersDivision of Civil, Mechanical and Manufacturing InnovationOracleNational Science Foundation
KeywordsMathematical optimizationRoundingComputer scienceInteger programmingPairwise comparisonInteger (computer science)Linear programmingComplementarity (molecular biology)Set (abstract data type)Parametric statisticsRobust optimizationClass (philosophy)Optimization problemMathematicsArtificial intelligence

Abstract

fetched live from OpenAlex

Promotions are a critical decision for supermarket managers, who must decide the price promotions for a large number of items. Retailers often use promotions to boost the sales of the different items by leveraging the cross-item effects. We formulate the promotion optimization problem for multiple items as a nonlinear integer program. Our formulation includes several business rules as constraints. Our demand models can be estimated from data and capture the postpromotion dip effect and cross-item effects (substitution and complementarity). Because demand functions are typically nonlinear, the exact formulation is intractable. To address this issue, we propose a general class of integer programming approximations. For demand models with additive cross-item effects, we prove that it is sufficient to account for unilateral and pairwise contributions and derive parametric bounds on the performance of the approximation. We also show that the unconstrained problem can be solved efficiently via a linear program when items are substitutable and the price set has two values. For more general cases, we develop efficient rounding schemes to obtain an integer solution. We conclude by testing our method on realistic instances and convey the potential practical impact for retailers. This paper was accepted by Yinyu Ye, optimization.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.838
Threshold uncertainty score0.412

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.001
Science and technology studies0.0000.000
Scholarly communication0.0000.001
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.041
GPT teacher head0.249
Teacher spread0.208 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations38
Published2020
Admission routes1
Has abstractyes

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