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Why Customer Choice Models Matter

Gerrits, Berry et al.
arXiv (All) · Papers
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computer-science-and-game-theoryoptimization-and-control
Customer choice models are central to revenue management in attended home delivery, yet the field usually picks one without much thought. Does the choice model matter? We believe it does, and this paper shows that revenue management policies judged by their own assumed model, or trusted under a sing
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