Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
4959558 | European Journal of Operational Research | 2017 | 15 Pages |
Abstract
We test our model on two real data sets for perishable and non-perishable items and show how it can support retailers in increasing their profits by up to 25%. We then use the model to generalize these results and find that space elasticity and substitution effects have a significant impact on profits, assortment size as well as facing decisions, and that both effects reinforce each other. Using our model, we finally derive rules-of-thumb for planners in practice.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Alexander Hübner, Kai Schaal,