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Monday, May 24, 2010

Supermarket Space Allocation

In Progressive Grocer: An old problem that we started to look at in terms of optimization starting in the 70s. In recent years increased computing power and better models have started to construct revenue management models to address not only how much space gets allocated, but also precisely where things are best placed. Most importantly, the specific and generalizable behavior of consumers has been explored in much detail by Herb Sorensen and others. Much more about that in posts here. Mixing the two criteria seems an obvious thing to do.

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