Qualitative Choice and Logit Models Applied to Price Optimization

被引：0
作者：
Correa, Luciano [1 ]
机构：
[1] Univ Texas Austin, Jackson Sch Geosci, Austin, TX 78712 USA
来源：
INNOVATIONS AND ADVANCED TECHNIQUES IN SYSTEMS, COMPUTING SCIENCES AND SOFTWARE ENGINEERING | 2008年
关键词：
D O I：
10.1007/978-1-4020-8735-6_4
中图分类号：
TP31 [计算机软件];
学科分类号：
081202 ; 0835 ;
摘要：
Multinomial Logit Model can be implemented in a Qualitative Choice Situation in order to generate an optimal pricing policy. The analysis is based on a simple case where the seller has to define the best combination of prices to offer for two products, considering a single-type of costumers. Three alternative approaches are compared for the computation: Multinomial Logit, Binary Logit, and Two Stage or Logit-Logit. The analysis of the problem involves three phases: Simulation of sales data, Estimation of parameters and Price optimization.
引用
收藏
页码：15 / 20
页数：6
相关论文
共 50 条
  • [41] Capacitated assortment and price optimization under the multilevel nested logit model
    Chen, Rui
    Jiang, Hai
    OPERATIONS RESEARCH LETTERS, 2019, 47 (01) : 30 - 35
  • [42] Evaluation of optimization methods for estimating mixed logit models
    Bastin, F
    Cirillo, C
    Hess, S
    TRAVEL DEMAND 2005, 2005, (1921): : 35 - 43
  • [43] Specification of mixed logit models assisted by an optimization framework
    Paz, Alexander
    Arteaga, Cristian
    Cobos, Carlos
    JOURNAL OF CHOICE MODELLING, 2019, 30 : 50 - 60
  • [44] Assortment Optimization under the Multinomial Logit Model with Random Choice Parameters
    Rusmevichientong, Paat
    Shmoys, David
    Tong, Chaoxu
    Topaloglu, Huseyin
    PRODUCTION AND OPERATIONS MANAGEMENT, 2014, 23 (11) : 2023 - 2039
  • [45] Multinomial probit and multinomial logit: a comparison of choice models for voting research
    Dow, JK
    Endersby, JW
    ELECTORAL STUDIES, 2004, 23 (01) : 107 - 122
  • [46] WARNING ON THE USE OF LINEAR LOGIT MODELS IN TRANSPORT MODE CHOICE STUDIES
    OUM, TH
    BELL JOURNAL OF ECONOMICS, 1979, 10 (01): : 374 - 388
  • [47] Dynamic Assortment Optimization with a Multinomial Logit Choice Model and Capacity Constraint
    Rusmevichientong, Paat
    Shen, Zuo-Jun Max
    Shmoys, David B.
    OPERATIONS RESEARCH, 2010, 58 (06) : 1666 - 1680
  • [48] Nested Logit Models for Multiple-Choice Item Response Data
    Suh, Youngsuk
    Bolt, Daniel M.
    PSYCHOMETRIKA, 2010, 75 (03) : 454 - 473
  • [49] Implicit availability/perception logit models for route choice in transportation networks
    Cascetta, E
    Papola, A
    Russo, F
    Vitetta, A
    WORLD TRANSPORT RESEARCH, VOLS 1 TO 4: VOL 1: TRANSPORT MODES AND SYSTEMS; VOL 2: PLANNING, OPERATION, MANAGEMENT AND CONTROL; VOL 3: TRANSPORT MODELLING/ASSESSMENT; VOL 4: TRANSPORT POLICY, 1999, : B15 - B24
  • [50] DISCRETE-CHOICE LOGIT-MODELS - TESTING THE IIA PROPERTY
    ZHANG, JS
    HOFFMAN, SD
    SOCIOLOGICAL METHODS & RESEARCH, 1993, 22 (02) : 193 - 213
12345