Powering retailers’ digitization through analytics and automation
Retailers face significant pressure to improve revenue, margins and market share by applying price optimisation models. These are mathematical models that calculate how demand varies at different price levels, then combine that data with information on costs and inventory levels to recommend prices...
Main Authors: | Simchi-Levi, David, Wu, Michelle Xiao |
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Other Authors: | Massachusetts Institute of Technology. Department of Civil and Environmental Engineering |
Format: | Article |
Language: | en_US |
Published: |
Taylor & Francis
2018
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Online Access: | http://hdl.handle.net/1721.1/119184 https://orcid.org/0000-0002-4650-1519 |
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