Supply Chain Demand Forecasting and Price Optimisation Models with Substitution Effect

Determining the optimal price of products is essential, as it plays a critical role in improving a company’s profitability and market competitiveness. This requires the ability to calculate customers’ demand in the Fast Moving Consumer Goods (FMCG) industry as various effects exist between multiple...

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Bibliographic Details
Main Authors: Keun Hee Lee, Mali Abdollahian, Sergei Schreider, Sona Taheri
Format: Article
Language:English
Published: MDPI AG 2023-05-01
Series:Mathematics
Subjects:
Online Access:https://www.mdpi.com/2227-7390/11/11/2502