The paper proposes utilization of advanced data analytics solutions to support decision makers in retail in their work of identification of best price for sold goods in order to maximize revenue. The authors analyze principal data which required to perform the operation, as well as highlight difficulties related to evaluation and testing of the decision support system.
Flexible Pricing based on Strategic Engineering in Retail Sector
Bruzzone A. G.;
2022-01-01
Abstract
The paper proposes utilization of advanced data analytics solutions to support decision makers in retail in their work of identification of best price for sold goods in order to maximize revenue. The authors analyze principal data which required to perform the operation, as well as highlight difficulties related to evaluation and testing of the decision support system.
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