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math.OC2024
Tricks from the Trade for Large-Scale Markdown Pricing: Heuristic Cut Generation for Lagrangian Decomposition
Robert Streeck, Torsten Gellert, Andreas Schmitt +4
In automated decision making processes in the online fashion industry, the 'predict-then-optimize' paradigm is frequently applied, particularly for markdown pricing strategies. Thi…
stat.ML2024★ 2 cited
Causal Forecasting for Pricing
Douglas Schultz, Johannes Stephan, Julian Sieber +4
This paper proposes a novel method for demand forecasting in a pricing context. Here, modeling the causal relationship between price as an input variable to demand is crucial becau…