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The proposed two-level discount consists of two parts: (1) a retail price discount initiated by the retailer to induce customers to buy more and (2) a wholesale quantity discount initiated by the supplier to convince the retailer to globally optimize retail price and also the size of orders to reduce SC operational costs.
In this paper, we develop a robust approach to optimize retail assortments that offers this balance.
Beacons are now being used to sense and track smartphones and feature phones to optimize retail operations.
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Recently, Hosseini et al. (2012) presented a multi-objective model with uniformly distributed lead time to optimize retailing activities.
The model optimizes retail profits by determining the optimum number of facings, the optimum display orientation of items, and the optimum order frequencies, while accounting for space-elasticity effects as well as limited shelf and backroom space.
Based on co-optimizing retail rates and MG dispatch formulated as a mixed integer quadratic programming (MIQP) problem, our model devises a dynamic pricing scheme that reflects the cost of generation and promotes DR, in tandem with an optimal dispatch plan that exploits spark spread and facilitates the integration of renewables, resulting in improved retailer profits and system stability.
Commerce search included a number of features that were optimized for retail and product search, such as customized ranking, sorting of results, spell checker, stemming and synonym suggestion, as well as product promotions.
On the other hand, optimizing order quantity and retail price from the viewpoint of whole SC may reduce the retailer profit.
In addition, some papers, especially in recent years, have been concentrated on information gap decision theory (IGDT) [30] and robust optimization program [8] to optimize the trading strategies of the retail problem.
A methodology is presented to optimize a sampling plan for retail products to monitor the prevalence of foodborne pathogens in relation to disease burden.
Incumbent competitors like Windex are designed around optimizing shelf-space in physical retail stores, so can not feasibly make the same product innovation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com