Dynamic inventory system with pricing adjustment for price-comparison shoppers

• Main Authors: CHEN, Wen, KATEHAKIS, Michael, TANG, Qian
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2022
• Subjects: inventory management; price comparison; regenerative process; Databases and Information Systems; Management Information Systems
• Online Access: https://ink.library.smu.edu.sg/sis_research/7730
• Institution: Singapore Management University

With numerous price-comparison websites and applications, consumers today are frequently conducting price-comparison shopping. As a result, retailers face an increasing challenge in predicting consumer demand and determining the optimal product price and inventory level accordingly. To address this...