Submission + - Price optimization software big in retail business
prostoalex writes: "Even if you spent a single day in an Economics class, you're probably familiar with a concept of supply and demand. Associated Press runs an article on retailers employing mathematical models for price optimization, where some products are priced higher to generate higher margins, and some are discounted to generate larger volumes even at the expense of per-product margins. DemandTec, Oracle and SAP are some of the companies producing those mathematical models for retailers around the country, with AP listing some of the pricing optimizations employed currently."
