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Record W4402843554 · doi:10.5267/j.dsl.2024.8.009

Assortment and promotion optimization in a retail chain

2024· article· en· W4402843554 on OpenAlex

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

venuePublished in a venue whose home country is Canada.
no affNo Canadian affiliation: this work is invisible to an affiliation-only frame.
No Canadian affiliation. An affiliation-only frame, the usual design, would never have seen this work. It is one of the works that make the case for inverting the frame.

Bibliographic record

VenueDecision Science Letters · 2024
Typearticle
Languageen
FieldDecision Sciences
TopicOperations Management Techniques
Canadian institutionsnot available
Fundersnot available
KeywordsBusinessPromotion (chess)Chain (unit)MarketingIndustrial organization

Abstract

fetched live from OpenAlex

An examination of two areas of promotion and assortment planning in an environment is attempted in this paper. Sales promotion is a marketing strategy used by retailers to increase sales and profits by retaining customers and preventing them from switching to their competitors. Various products are available on the market that can substitute each other, so the best product assortment must be determined as well. In order to model the above subject, a nonlinear integer programming problem is proposed. Model solution involves rephrasing the problem as mixed integer linear programming. Small- and medium-sized problems can therefore be solved using MIP solver software. Firefly algorithms are designed to solve large-scale problems. According to the numerical results, determining the best product assortment for stores must also be done simultaneously with finding the optimal promotion. As a matter of fact, the promotion of the products significantly affects the assortment scenarios for the stores. Consequently, the selection of the promotional discount may result in large profit losses if the assortment planning is not taken into consideration. In order to assess the importance and sensitivity of the model parameters, a sensitivity analysis is conducted. The sensitivity analysis demonstrates that the model is able to respond to changes in market demand and competition, and provides an effective tool for chain stores to optimize their promotion and assortment strategies. To further validate the effectiveness of the model, a case study is conducted in Tehran, Iran. The results of the case study demonstrate the ability of the model to effectively optimize promotion and assortment strategies in real-world settings. Overall, the proposed model provides a valuable tool for chain stores to optimize their promotion and assortment strategies, and improve their market competitiveness.

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.

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)0.010
metaresearch head score (Gemma)0.002
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesScholarly communication
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.914
Threshold uncertainty score0.999

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0100.002
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0020.005
Science and technology studies0.0000.000
Scholarly communication0.0020.002
Open science0.0010.000
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 head0.081
GPT teacher head0.388
Teacher spread0.307 · 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