Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization
Altexsoft
APRIL 24, 2019
KPI-driven pricing. As an example, let’s find out how researchers Kris Johnson Ferreira, Bin Hong Alex Lee, and David Simchi-Levi from Harvard Business School and Massachusetts Institute of Technology addressed the price optimization problem for a flash sale website with designer apparel and accessories using machine learning.
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