Title: Static and Dynamic Assortment Optimization
Speaker: Prof. Kalyan Talluri
Affiliation: Imperial College London Business School
Location: LT 311 Huxley Building
Time: 2:00pm

Abstract. Assortment Optimization is the problem of offering an optimal assortment from a ground set. Customers choose one of the offered products or decide not to purchase any. The dynamic version of this problem with finite inventories and time is a model for revenue management. Both problems are difficult when the customer population is heterogeneous (multiple segments). In this talk we present our research on the computational approaches for static and dynamic optimization under the choice as well as a matching model.

About the speaker. Kalyan Talluri is Professor of Operations Management at Imperial College London Business School, London. Previously he was an ICREA Research Professor in the Department of Economics and Business at the Universitat Pompeu Fabra in Barcelona. He got his Masters from Purdue University and a Ph.D in Operations Research from MIT. He has taught at the Kellogg School of Management, Northwestern University, Indian School of Business, Tuck School of Management, Dartmouth, IESE and INSEAD.
His research interests are in pricing of consumer goods and services and the operational implementation of pricing tactics. He has published in OR and Management journals and is the co-winner of the INFORMS Lanchester Prize for the year 2005. He is the co-author of the book “Theory and Practice of Revenue Management”.