The chair of Supply and Value Chain Management is pleased to announce that our article “Maximizing Profit via Assortment and Shelf-Space Optimization for Two-Dimensional Shelves” was accepted for publication in the Production and Operations Management Journal (VHB: A).
The article contains a decision model that optimizes the two-dimensional shelf-space assignment of items to a restricted tilted shelf. We contribute to current literature by integrating the assortment decision and accounting for stochastic demand, space elasticity and substitution effects in the setting of such self types. To solve the model, we implement a specialized heuristic that is based on a genetic algorithm.
Hübner, A., Schäfer, F. & Schaal, K. (2019): Maximizing Profit via Assortment and Shelf-Space Optimization for Two-Dimensional Shelves, Production and Operations Management Journal, forthcoming. (VHB: A)