Exact(12)
In this section, we show how assortment decisions can be incorporated into the CSRPBS.
5.2.5 and develop an extension to account for assortment decisions in Sect.
We therefore first develop the extended solution approach for the CASRPBS and then complete numerical examples to show its efficiency and the impact of assortment decisions.
Negotiating with suppliers for equitable terms and making stocking and assortment decisions based on those terms is one of a bookseller's, or any retailer's, most important jobs.
Fourth, our model can be extended to account for assortment decisions, which is especially relevant for situations where the available shelf space is not sufficient to list all possible items of a category.
The inclusion of assortment decisions requires an adaptation of the demand function (cf. Eq. 3) to account for additional demand arousing from out-of-assortment (OOA) situations (Smith and Agrawal 2000; Kök and Fisher 2007).
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The resulting model is denoted as CASRPBS, whereas the additional "A" represents the assortment decision.
Including the assortment decision allows more flexibility for two reasons: (1) Solutions for situations with (S
The model complexity Y of the CSRPBS with (Y N,S,F) = left( {begin{array}{c}S-1 N-1end{array}}right) cdot F^N cdot 2^N) increases to (Y N,S,F) = left( {begin{array}{c}N+S-1 Send{array}}right) cdot F^N cdot 2^N) for the CASRPBS when including the assortment decision.
Instead, an assortment of military decisions, together with chance and some fortuitous fluctuations in the weather, enabled the ragtag American troops to escape annihilation and fight another day.
But Citigroup grew to be too big to manage, struggling mightily during the financial crisis from an assortment of bad decisions.
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