Understanding why retail revenue functions are concave, how this property enables convex optimization, and the network flow interpretation that powers modern markdown pricing algorithms
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Why retailers can't escape markdown pricing—a deep dive into the lifecycle, inventory, and pricing constraints that shape modern retail optimization strategies
How retailers transform predictive demand models into prescriptive pricing decisions through stochastic programming, jointly optimizing markdown prices and inventory allocation under uncertainty
A deep dive into why measuring price elasticity remains the biggest challenge in demand modeling, from data scarcity and endogeneity to seasonal confounding—and how modern techniques address these challenges