{"id":"https://openalex.org/W4392909443","doi":"https://doi.org/10.1287/opre.2022.0129","title":"Randomized Assortment Optimization","display_name":"Randomized Assortment Optimization","publication_year":2024,"publication_date":"2024-03-18","ids":{"openalex":"https://openalex.org/W4392909443","doi":"https://doi.org/10.1287/opre.2022.0129"},"language":"en","primary_location":{"id":"doi:10.1287/opre.2022.0129","doi":"https://doi.org/10.1287/opre.2022.0129","is_oa":false,"landing_page_url":"https://doi.org/10.1287/opre.2022.0129","pdf_url":null,"source":{"id":"https://openalex.org/S125775545","display_name":"Operations Research","issn_l":"0030-364X","issn":["0030-364X","1526-5463"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-140","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310315699","host_organization_name":"Institute for Operations Research and the Management Sciences","host_organization_lineage":["https://openalex.org/P4310315699"],"host_organization_lineage_names":["Institute for Operations Research and the Management Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Operations Research","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://aaltodoc.aalto.fi/handle/123456789/127346","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5035087505","display_name":"Zhengchao Wang","orcid":"https://orcid.org/0000-0002-1009-2610","observed_orcids":["https://orcid.org/0000-0002-1009-2610"]},"institutions":[{"id":"https://openalex.org/I47508984","display_name":"Imperial College London","ror":"https://ror.org/041kmwe10","country_code":"GB","type":"education","lineage":["https://openalex.org/I47508984"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Zhengchao Wang","raw_affiliation_strings":["Imperial College Business School, Imperial College London, London SW7 2AZ, United Kingdom;"],"raw_orcid":"https://orcid.org/0000-0002-1009-2610","affiliations":[{"raw_affiliation_string":"Imperial College Business School, Imperial College London, London SW7 2AZ, United Kingdom;","institution_ids":["https://openalex.org/I47508984"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5026454873","display_name":"Heikki Peura","orcid":"https://orcid.org/0000-0002-1414-107X","observed_orcids":["https://orcid.org/0000-0002-1414-107X"]},"institutions":[{"id":"https://openalex.org/I9927081","display_name":"Aalto University","ror":"https://ror.org/020hwjq30","country_code":"FI","type":"education","lineage":["https://openalex.org/I9927081"]}],"countries":["FI"],"is_corresponding":false,"raw_author_name":"Heikki Peura","raw_affiliation_strings":["Department of Information and Service Management, Aalto University School of Business, 00076 Aalto, Finland"],"raw_orcid":"https://orcid.org/0000-0002-1414-107X","affiliations":[{"raw_affiliation_string":"Department of Information and Service Management, Aalto University School of Business, 00076 Aalto, Finland","institution_ids":["https://openalex.org/I9927081"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5055449051","display_name":"Wolfram Wiesemann","orcid":"https://orcid.org/0000-0003-3076-1591","observed_orcids":["https://orcid.org/0000-0003-3076-1591"]},"institutions":[{"id":"https://openalex.org/I47508984","display_name":"Imperial College London","ror":"https://ror.org/041kmwe10","country_code":"GB","type":"education","lineage":["https://openalex.org/I47508984"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Wolfram Wiesemann","raw_affiliation_strings":["Imperial College Business School, Imperial College London, London SW7 2AZ, United Kingdom;"],"raw_orcid":"https://orcid.org/0000-0003-3076-1591","affiliations":[{"raw_affiliation_string":"Imperial College Business School, Imperial College London, London SW7 2AZ, United Kingdom;","institution_ids":["https://openalex.org/I47508984"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5055449051"],"corresponding_institution_ids":["https://openalex.org/I47508984"],"apc_list":null,"apc_paid":null,"fwci":5.6519,"has_fulltext":false,"cited_by_count":12,"citation_normalized_percentile":{"value":0.95638875,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"72","issue":"5","first_page":"2042","last_page":"2060"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11413","display_name":"Risk and Portfolio Optimization","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12288","display_name":"Optimization and Search Problems","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/1705","display_name":"Computer Networks and Communications"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/assortment-optimization","display_name":"assortment optimization","score":0.9900000095367432},{"id":"https://openalex.org/keywords/randomization","display_name":"randomization","score":0.652999997138977},{"id":"https://openalex.org/keywords/choice-models","display_name":"choice models","score":0.8500000238418579},{"id":"https://openalex.org/keywords/demand-uncertainty","display_name":"demand uncertainty","score":0.4959999918937683},{"id":"https://openalex.org/keywords/product-choice","display_name":"product selection","score":0.4819999933242798},{"id":"https://openalex.org/keywords/business-constraints","display_name":"business constraints","score":0.41499999165534973}],"concepts":[{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.7297592759132385},{"id":"https://openalex.org/C2778813691","wikidata":"https://www.wikidata.org/wiki/Q1369832","display_name":"Purchasing","level":2,"score":0.6597253084182739},{"id":"https://openalex.org/C90673727","wikidata":"https://www.wikidata.org/wiki/Q901718","display_name":"Product (mathematics)","level":2,"score":0.5636277794837952},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.5410773158073425},{"id":"https://openalex.org/C149441793","wikidata":"https://www.wikidata.org/wiki/Q200726","display_name":"Probability distribution","level":2,"score":0.46795737743377686},{"id":"https://openalex.org/C42475967","wikidata":"https://www.wikidata.org/wiki/Q194292","display_name":"Operations research","level":1,"score":0.3371031582355499},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.1780460774898529},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.14996367692947388},{"id":"https://openalex.org/C21547014","wikidata":"https://www.wikidata.org/wiki/Q1423657","display_name":"Operations management","level":1,"score":0.136845201253891},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.1347452700138092},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1287/opre.2022.0129","doi":"https://doi.org/10.1287/opre.2022.0129","is_oa":false,"landing_page_url":"https://doi.org/10.1287/opre.2022.0129","pdf_url":null,"source":{"id":"https://openalex.org/S125775545","display_name":"Operations Research","issn_l":"0030-364X","issn":["0030-364X","1526-5463"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-140","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310315699","host_organization_name":"Institute for Operations Research and the Management Sciences","host_organization_lineage":["https://openalex.org/P4310315699"],"host_organization_lineage_names":["Institute for Operations Research and the Management Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Operations Research","raw_type":"journal-article"},{"id":"pmh:oai:aaltodoc.aalto.fi:123456789/127346","doi":null,"is_oa":true,"landing_page_url":"https://aaltodoc.aalto.fi/handle/123456789/127346","pdf_url":null,"source":{"id":"https://openalex.org/S4306401662","display_name":"Aaltodoc (Aalto University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I9927081","host_organization_name":"Aalto University","host_organization_lineage":["https://openalex.org/I9927081"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"A1 Alkuper\u00e4isartikkeli tieteellisess\u00e4 aikakauslehdess\u00e4"}],"best_oa_location":{"id":"pmh:oai:aaltodoc.aalto.fi:123456789/127346","doi":null,"is_oa":true,"landing_page_url":"https://aaltodoc.aalto.fi/handle/123456789/127346","pdf_url":null,"source":{"id":"https://openalex.org/S4306401662","display_name":"Aaltodoc (Aalto University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I9927081","host_organization_name":"Aalto University","host_organization_lineage":["https://openalex.org/I9927081"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"A1 Alkuper\u00e4isartikkeli tieteellisess\u00e4 aikakauslehdess\u00e4"},"sustainable_development_goals":[],"study_designs":[],"awards":[{"id":"https://openalex.org/G1186604835","display_name":null,"funder_award_id":"EP/R045518/1","funder_id":"https://openalex.org/F4320334627","funder_display_name":"Engineering and Physical Sciences Research Council"},{"id":"https://openalex.org/G1357342986","display_name":null,"funder_award_id":"EP/W003317/1","funder_id":"https://openalex.org/F4320334627","funder_display_name":"Engineering and Physical Sciences Research Council"}],"funders":[{"id":"https://openalex.org/F4320334627","display_name":"Engineering and Physical Sciences Research Council","ror":"https://ror.org/0439y7842"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":54,"referenced_works":["https://openalex.org/W1653854618","https://openalex.org/W1690448612","https://openalex.org/W1738845896","https://openalex.org/W1913536532","https://openalex.org/W1986352749","https://openalex.org/W1988576693","https://openalex.org/W2009100229","https://openalex.org/W2010054513","https://openalex.org/W2036622551","https://openalex.org/W2041774785","https://openalex.org/W2043366665","https://openalex.org/W2045271791","https://openalex.org/W2046475359","https://openalex.org/W2048679451","https://openalex.org/W2066531726","https://openalex.org/W2069099760","https://openalex.org/W2102545534","https://openalex.org/W2105562458","https://openalex.org/W2117699532","https://openalex.org/W2117923605","https://openalex.org/W2118578357","https://openalex.org/W2131116400","https://openalex.org/W2146076103","https://openalex.org/W2155153696","https://openalex.org/W2159309155","https://openalex.org/W2160317938","https://openalex.org/W2167598103","https://openalex.org/W2169725625","https://openalex.org/W2420698967","https://openalex.org/W2548918507","https://openalex.org/W2590545295","https://openalex.org/W2597289420","https://openalex.org/W2753930878","https://openalex.org/W2787894218","https://openalex.org/W2801484527","https://openalex.org/W2802469782","https://openalex.org/W2887644249","https://openalex.org/W2964358627","https://openalex.org/W2968060136","https://openalex.org/W3011259582","https://openalex.org/W3015812362","https://openalex.org/W3112742302","https://openalex.org/W3121891820","https://openalex.org/W3121917333","https://openalex.org/W3122898663","https://openalex.org/W3123979261","https://openalex.org/W3124891448","https://openalex.org/W3125435015","https://openalex.org/W3165014419","https://openalex.org/W4212863985","https://openalex.org/W4241221395","https://openalex.org/W4251616545","https://openalex.org/W4301048281","https://openalex.org/W4316038769"],"related_works":["https://openalex.org/W4289859801","https://openalex.org/W2148648976","https://openalex.org/W4414809325","https://openalex.org/W7138927874","https://openalex.org/W4399127241","https://openalex.org/W4388095273","https://openalex.org/W3121252592","https://openalex.org/W4393160242","https://openalex.org/W3019598628","https://openalex.org/W2403920389"],"abstract_inverted_index":{"When":[0],"a":[1,14,61,86],"firm":[2,75],"selects":[3],"an":[4,81,95],"assortment":[5,43,63,82,121],"of":[6,21,29,58,119,134,143],"products":[7],"to":[8,10,17,34,40,64,85,136,140],"offer":[9,65],"customers,":[11],"it":[12],"uses":[13],"choice":[15,104,128],"model":[16],"anticipate":[18],"their":[19],"probability":[20,89],"purchasing":[22],"each":[23],"product.":[24],"In":[25,45],"practice,":[26],"the":[27,55,74,120,141],"estimation":[28],"these":[30],"models":[31,129],"is":[32,66],"subject":[33],"statistical":[35],"errors,":[36],"which":[37],"may":[38],"lead":[39],"significantly":[41],"suboptimal":[42],"decisions.":[44],"\u201cRandomized":[46],"Assortment":[47],"Optimization,\u201d":[48],"Wang,":[49],"Peura,":[50],"and":[51],"Wiesemann":[52],"show":[53,93],"that":[54,115],"standard":[56],"approach":[57],"deterministically":[59],"selecting":[60,80],"single":[62],"not":[67],"always":[68],"optimal":[69,96],"in":[70,108],"this":[71],"setting:":[72],"Instead,":[73],"can":[76,99],"do":[77],"better":[78],"by":[79],"randomly":[83],"according":[84],"prudently":[87],"designed":[88],"distribution.":[90],"The":[91,112],"authors":[92],"how":[94],"randomization":[97],"strategy":[98],"be":[100,137],"determined":[101],"for":[102],"common":[103],"models,":[105],"improving":[106],"performance":[107],"realistic":[109],"data-driven":[110],"settings.":[111],"results":[113],"suggest":[114],"more":[116,126,131,138],"general":[117,132],"versions":[118],"optimization":[122],"problem\u2014incorporating":[123],"business":[124],"constraints,":[125],"flexible":[127],"and/or":[130],"forms":[133],"uncertainty\u2014tend":[135],"receptive":[139],"benefits":[142],"randomization.":[144]},"counts_by_year":[{"year":2026,"cited_by_count":6},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":1}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2024-03-19T00:00:00"}