Clearance Pricing Optimization for a Fast-Fashion Retailer

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چکیده

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Clearance Pricing Optimization for a Fast-Fashion Retailer

Fast-fashion retailers such as Zara offer continuously changing assortments and use minimal in-season promotions. Their clearance pricing problem is thus challenging because it involves comparatively more different articles of unsold inventory with less historical price data points. Until 2007, Zara used a manual and informal decision-making process for determining price markdowns. In collabora...

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ژورنال

عنوان ژورنال: Operations Research

سال: 2012

ISSN: 0030-364X,1526-5463

DOI: 10.1287/opre.1120.1102