Browsing Fakülteler / Faculties by Author "Cosgun, O; Kula, U; Kahraman, C;"

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Analysis of cross-price effects on markdown policies by using function approximation techniques

Kula, Ufuk (ELSEVIER SCIENCE BV, 2013)

Markdown policies for product groups having significant cross-price elasticity among each other should be jointly determined. However, finding optimal policies for product groups becomes computationally intractable as the ...
Markdown Optimization via Approximate Dynamic Programming

Kula, Ufuk (ATLANTIS PRESS, 2013)

We consider the markdown optimization problem faced by the leading apparel retail chain. Because of substitution among products the markdown policy of one product affects the sales of other products. Therefore, markdown ...