Published July 2023
| Version v1
Journal article
Sequential Submodular Maximization and Applications to Ranking an Assortment of Products
- 1. Zicklin School of Business, City University of New York, New York, New York 10010;
- 2. University of Chicago Booth School of Business, University of Chicago, Chicago, Illinois 60637;
- 3. Management Science and Engineering, Stanford University, Stanford, California 94305;
- 4. Core Data Science, Meta, Menlo Park, California 94025
Description
The advents of online retailing and advertising have created new opportunities for online platforms to incorporate algorithmic techniques to improve shoppers' experience and drive user engagement, which, in return, can help with the long-term growth of these platforms, and also to help with having socially aware operations that consider fairness across different demographic groups. Motivated by the product-ranking problem in online shopping, this paper introduces and studies a new class of combinatorial optimization problems over the space of permutations, which is referred to as "sequential submodular maximization." Using this class of problems, it provides algorithmic solutions for maximizing users' engagement and also for balancing the users' engagement across different demographic groups of shoppers to obtain fairness. In particular, they propose an optimal (1 − 1/e)-approximation algorithms for maximizing users' engagement and a bicriteria ((1 − 1/e)^2, (1 − 1/e)^2) for maximizing users' engagement subject to group fairness constraints.
Additional details
Identifiers
- DOI
- 10.1287/opre.2022.2370
- URL
- https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3542382
- Other
- oai:uchicago.tind.io:16715
Related works
- References
- https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3542382 (URL)