Price and inventory optimization

In a previous post I described how one can implement pricing optimization and inventory control for a fashion retail business via mathematical programming. The mathematical program in the scenario allows the users to plan prices such that both the profit is maximized and the left-over stock is minimized. In this post I now present the […]

Price optimization and inventory control

In this article I will provide a general introduction to the benefits of price optimization. I will furthermore demonstrate how price optimization can be facilitated with mathematical programming. In previous articles we already provided an example on optimal pricing with linear demand functions, using Gekko in Python. This article takes a closer look at price […]