The New Frontier in Price Optimization with David Simchi-Levi

Retail is fast evolving into a complex multi-channel highly competitive environment. Sellers are faced with various business constraints, including the inability to conduct extensive experimentation, limited inventory, and high demand uncertainty. These companies are already lean so there is not much room to cut costs. So how can retailers in this environment maximize revenue while maintaining demand for the products? How can sellers leverage accessible data, online experiments, and new analytic technologies to increase revenue and improve margins?

In this complimentary, one-hour webinar, Professor Simchi-Levi presents recent breakthroughs in the development of models that combine machine learning and optimization for pricing that significantly improve revenue and reduce inventory risks.

You may be interested in his course, Supply Chain Strategy and Management http://executive.mit.edu/sc