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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 OpenAlexvenueno aff
Hamed Karimi

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.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.002
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: Simulation or modeling
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.018
Threshold uncertainty score0.036

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.002
Meta-epidemiology (narrow)0.0020.001
Meta-epidemiology (broad)0.0020.001
Bibliometrics0.0020.002
Science and technology studies0.0010.001
Scholarly communication0.0020.002
Open science0.0010.002
Research integrity0.0020.001
Insufficient payload (model declined to judge)0.0040.000

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

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), 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

Citations1
Published2024
Admission routes1
Has abstractyes

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