Markdown Optimization via Approximate Dynamic Programming
We consider the markdown optimization problem faced by the leading apparel retail chain. Because of substitution among products the markdown policy of one product affects the sales of other products. Therefore, markdown policies for product groups having a significant crossprice elasticity among eac...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Springer
2013-02-01
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| Series: | International Journal of Computational Intelligence Systems |
| Subjects: | |
| Online Access: | https://www.atlantis-press.com/article/25868369.pdf |