Concepedia

Markdown Optimization

Markdown Optimization is a retail analytics strategy that systematically determines the optimal timing, depth, and duration of price reductions to maximize revenue or profit, distinguishing itself from broader pricing strategies by focusing specifically on post-launch price adjustments for deteriorating or excess inventory.

42

Publications

2.5K

Citations

124

Authors

65

Institutions

Publications per year

2017–2026

11

Parents

Children

Publications

42

Purchasing, Pricing, and Quick Response in the Presence of Strategic Consumers

Gérard P. Cachon, Robert Swinney · Management Science · 2008 · 639 citations · Full text

, , +17

Designing Optimal Preannounced Markdowns in the Presence of Rational Customers with Multiunit Demands

Wedad Elmaghraby, Altan Gülcü, Pınar Keskinocak · Manufacturing & Service Operations Management · 2007 · 217 citations

, , +11

Dynamic Pricing and Ordering Decisions by a Monopolist

Arvind Rajan, Rakesh Rakesh, Richard Steinberg · Management Science · 1992 · 204 citations

, , +17

Optimal ordering and pricing policies in a single-period environment with multivariate demand and markdowns

Timothy L. Urban, Roger C. Baker · European Journal of Operational Research · 1997 · 144 citations

, , +17

The Coordination of Fashion Supply Chains With a Risk-Averse Supplier Under the Markdown Money Policy

Bin Shen, Tsan‐Ming Choi, Yulan Wang et al. · IEEE Transactions on Systems Man and Cybernetics Systems · 2013 · 131 citations

, , +15

1–5 of 42

Authors

124

  1. TC
    Tsan‐Ming Choi

    Hong Kong Polytechnic University, Hong Kong SAR China

    3 publications · 174 citations

    3

    h-index

  2. BS
    Bin Shen

    Donghua University, China

    2 publications · 163 citations

    2

    h-index

  3. YW
    Yulan Wang

    Hong Kong Polytechnic University, Hong Kong SAR China

    2 publications · 163 citations

    2

    h-index

  4. AD
    Avinash Dixit

    Princeton University, United States

    1 publications · 100 citations

    1

    h-index

  5. MN
    Martin Natter

    Goethe University Frankfurt, Germany

    1 publications · 16 citations

    1

    h-index

1–5 of 124

Institutions

65

  1. Hong Kong Polytechnic University

    Hong Kong, Hong Kong

    3 h-index

    8 publications

    631 citations

  2. Walmart (United States)

    Bentonville, United States

    2 h-index

    10 publications

    123 citations

  3. Massachusetts Institute of Technology

    Cambridge, United States

    2 h-index

    2 publications

    215 citations

  4. Huazhong University of Science and Technology

    Wuhan, China

    2 h-index

    1 publications

    76 citations

  5. Columbia University

    New York, United States

    2 h-index

    5 publications

    173 citations

  6. University of Chile

    Santiago, Chile

    2 h-index

    3 publications

    240 citations

  7. University of Maryland, College Park

    College Park, United States

    2 h-index

    2 publications

    232 citations

  8. The University of Texas at Arlington

    Arlington, United States

    1 h-index

    1 publications

    144 citations

1–8 of 65

Venues

  1. International Journal of Production Economics

    3 publications · 193 citations

    3

    h-index

  2. Management Science

    3 publications · 891 citations

    3

    h-index

  3. Omega

    2 publications · 47 citations

    2

    h-index

  4. INFORMS Journal on Applied Analytics

    IJAA · 2 publications · 36 citations

    2

    h-index

  5. European Journal of Operational Research

    2 publications · 161 citations

    2

    h-index

1–5