{"id":"https://openalex.org/W4411878190","doi":"https://doi.org/10.1561/0200000114-5","title":"Multi-Objective Assortment Optimization: Profit, Risk, Customer Utility, and Beyond","display_name":"Multi-Objective Assortment Optimization: Profit, Risk, Customer Utility, and Beyond","publication_year":2024,"publication_date":"2024-08-21","ids":{"openalex":"https://openalex.org/W4411878190","doi":"https://doi.org/10.1561/0200000114-5"},"language":"en","primary_location":{"id":"doi:10.1561/0200000114-5","is_oa":true,"landing_page_url":"https://doi.org/10.1561/0200000114-5","pdf_url":null,"source":{"id":"https://openalex.org/S154432073","display_name":"Foundations and Trends\u00ae in Technology Information and Operations Management","issn_l":"1571-9545","issn":["1571-9545","1571-9553"],"is_oa":true,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310318575","host_organization_name":"Now Publishers","host_organization_lineage":["https://openalex.org/P4310318575","https://openalex.org/P4310319811"],"host_organization_lineage_names":["Now Publishers","Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Foundations and Trends\u00ae in Technology, Information and Operations Management","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://doi.org/10.1561/0200000114-5","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5100457678","display_name":"Zhe Chen","orcid":"https://orcid.org/0000-0002-2919-4481"},"institutions":[{"id":"https://openalex.org/I55732556","display_name":"Arizona State University","ror":"https://ror.org/03efmqc40","country_code":"US","type":"education","lineage":["https://openalex.org/I55732556"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Zhen Chen","raw_affiliation_strings":["Arizona State University W. P. Carey School of Business, ,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Arizona State University W. P. Carey School of Business, ,","institution_ids":["https://openalex.org/I55732556"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5100373126","display_name":"Heng Zhang","orcid":"https://orcid.org/0000-0002-3692-0103"},"institutions":[{"id":"https://openalex.org/I55732556","display_name":"Arizona State University","ror":"https://ror.org/03efmqc40","country_code":"US","type":"education","lineage":["https://openalex.org/I55732556"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Heng Zhang","raw_affiliation_strings":["Arizona State University W. P. Carey School of Business, ,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Arizona State University W. P. Carey School of Business, ,","institution_ids":["https://openalex.org/I55732556"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5101804620","display_name":"Hongmin Li","orcid":"https://orcid.org/0000-0002-1107-6348"},"institutions":[{"id":"https://openalex.org/I55732556","display_name":"Arizona State University","ror":"https://ror.org/03efmqc40","country_code":"US","type":"education","lineage":["https://openalex.org/I55732556"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Hongmin Li","raw_affiliation_strings":["Arizona State University W. P. Carey School of Business, ,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Arizona State University W. P. Carey School of Business, ,","institution_ids":["https://openalex.org/I55732556"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5110639726","display_name":"Scott Webster","orcid":null},"institutions":[{"id":"https://openalex.org/I55732556","display_name":"Arizona State University","ror":"https://ror.org/03efmqc40","country_code":"US","type":"education","lineage":["https://openalex.org/I55732556"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Scott Webster","raw_affiliation_strings":["Arizona State University W. P. Carey School of Business, ,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Arizona State University W. P. Carey School of Business, ,","institution_ids":["https://openalex.org/I55732556"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I55732556"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.45102983,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"18","issue":"1","first_page":"103","last_page":"115"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.8716999888420105,"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":0.8716999888420105,"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/T13886","display_name":"Operations Management Techniques","score":0.7566999793052673,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/profit","display_name":"Profit (economics)","score":0.57670658826828},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.46492981910705566},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.3681935966014862},{"id":"https://openalex.org/keywords/operations-management","display_name":"Operations management","score":0.35552817583084106},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.35441693663597107},{"id":"https://openalex.org/keywords/risk-analysis","display_name":"Risk analysis (engineering)","score":0.34242358803749084},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.3148426413536072},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.2591823935508728}],"concepts":[{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.57670658826828},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.46492981910705566},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3681935966014862},{"id":"https://openalex.org/C21547014","wikidata":"https://www.wikidata.org/wiki/Q1423657","display_name":"Operations management","level":1,"score":0.35552817583084106},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.35441693663597107},{"id":"https://openalex.org/C112930515","wikidata":"https://www.wikidata.org/wiki/Q4389547","display_name":"Risk analysis (engineering)","level":1,"score":0.34242358803749084},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3148426413536072},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2591823935508728}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1561/0200000114-5","is_oa":true,"landing_page_url":"https://doi.org/10.1561/0200000114-5","pdf_url":null,"source":{"id":"https://openalex.org/S154432073","display_name":"Foundations and Trends\u00ae in Technology Information and Operations Management","issn_l":"1571-9545","issn":["1571-9545","1571-9553"],"is_oa":true,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310318575","host_organization_name":"Now Publishers","host_organization_lineage":["https://openalex.org/P4310318575","https://openalex.org/P4310319811"],"host_organization_lineage_names":["Now Publishers","Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Foundations and Trends\u00ae in Technology, Information and Operations Management","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:now:fnttom:0200000114-5","is_oa":false,"landing_page_url":"http://doi.org/10.1561/0200000114-5","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.1561/0200000114-5","is_oa":true,"landing_page_url":"https://doi.org/10.1561/0200000114-5","pdf_url":null,"source":{"id":"https://openalex.org/S154432073","display_name":"Foundations and Trends\u00ae in Technology Information and Operations Management","issn_l":"1571-9545","issn":["1571-9545","1571-9553"],"is_oa":true,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310318575","host_organization_name":"Now Publishers","host_organization_lineage":["https://openalex.org/P4310318575","https://openalex.org/P4310319811"],"host_organization_lineage_names":["Now Publishers","Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Foundations and Trends\u00ae in Technology, Information and Operations Management","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.41999998688697815}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2000029124","https://openalex.org/W23373675","https://openalex.org/W2784295370","https://openalex.org/W2003070184","https://openalex.org/W4252059530","https://openalex.org/W1572277060","https://openalex.org/W2010076726","https://openalex.org/W2020321671","https://openalex.org/W2019637006","https://openalex.org/W2346141830"],"abstract_inverted_index":{"Assortment":[0],"optimization":[1,62],"is":[2,96],"a":[3,12,50,54,83,103,114,175],"fundamental":[4],"challenge":[5],"in":[6,40,141,187],"revenue":[7,189],"management,":[8],"aiming":[9],"to":[10,19,98],"offer":[11],"subset":[13],"from":[14],"all":[15],"products":[16],"on":[17,66],"hand":[18],"maximize":[20],"expected":[21],"revenue.":[22],"However,":[23],"businesses":[24],"often":[25],"face":[26],"multiple":[27,70],"goals":[28,36],"that":[29,85,92],"go":[30],"far":[31],"beyond":[32],"revenue,":[33],"and":[34,53,80,101,132,153,159,163,177],"these":[35],"are":[37],"sometimes":[38],"even":[39],"conflict":[41],"with":[42,128],"each":[43],"other.":[44],"In":[45],"this":[46,93],"study,":[47],"we":[48,81],"introduce":[49],"comprehensive":[51],"framework":[52],"new":[55],"reformulation":[56,84],"technique":[57],"for":[58,107,180],"tackling":[59],"multi-objective":[60,109,139,182],"assortment":[61,183],"problems.":[63],"We":[64,90,136],"focus":[65],"the":[67,75,88,99,138,142,145,149,154,161],"sum":[68],"of":[69,117,130,144,165],"convex":[71,134],"objective":[72],"functions":[73],"(i.e.,":[74],"tradeoff":[76],"between":[77],"distinct":[78],"objectives),":[79],"propose":[82],"effectively":[86],"\u201clinearizes\u201d":[87],"problem.":[89],"demonstrate":[91,160],"reformulated":[94],"problem":[95,140],"equivalent":[97],"original":[100],"provides":[102],"unified":[104],"solution":[105],"approach":[106,167],"various":[108],"contexts.":[110],"Our":[111,172],"method":[112],"covers":[113],"broad":[115],"range":[116],"operational":[118],"objectives,":[119],"such":[120],"as":[121],"risk,":[122],"customer":[123],"utility,":[124],"market":[125],"share,":[126],"costs":[127],"economies":[129],"scale,":[131],"dualized":[133],"constraints.":[135],"analyze":[137],"context":[143],"multinomial":[146],"logit":[147,151],"model,":[148,152,158],"nested":[150],"Markov":[155],"chain":[156],"choice":[157],"effciency":[162],"practicality":[164],"our":[166],"through":[168],"extensive":[169],"numerical":[170],"experiments.":[171],"work":[173],"presents":[174],"powerful":[176],"versatile":[178],"tool":[179],"addressing":[181],"problems":[184],"frequently":[185],"encountered":[186],"real-world":[188],"management":[190],"scenarios.":[191]},"counts_by_year":[],"updated_date":"2026-08-15T07:11:24.734988","created_date":"2025-10-10T00:00:00"}
