search query: @indexterm Combinatorial optimization / total: 13
reference: 5 / 13
| Author: | Kraus, U.G. Yano, C.A. |
| Title: | Product line selection and pricing under a share-of-surplus choice model |
| Journal: | European Journal of Operational Research
2003 : NOV, VOL. 150:3, p. 653-671 |
| Index terms: | Pricing Product mix Combinatorial optimization Non-linear models |
| Language: | eng |
| Abstract: | Product line selection and pricing decisions are critical to the profitability of many firms. The authors address the problem of selecting a set of products to offer and their prices when customers select among the offered products according to a share- of-surplus choice model. The authors develop a heuristic procedure for this non-concave, mixed-integer optimization model. The authors also develop a variant of their procedure to handle uncertainty in customer utilities. |
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