What you’ll learn
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What are the discount rates you should set to maximize revenue of your products?
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Optimizing prices with excel and python
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Customized pricing with python
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Customer analytics
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The different pricing strategies that you should implement for different products.
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The willingness to pay of customers
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how to fit the demand with the right response function
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How to differentiate products and pricing to different segments
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The concept of nesting in revenue management and how to apply it
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Retail
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Profit
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Data Science
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Python
With excel :
- The perishability of inventory
- The different pricing strategies
- The willingness to pay of customers
- how to fit the demand with the right response function
- Elasticity of products and how can we use them to set prices
- How to differentiate products and pricing to different segments
- The concept of nesting in revenue management and how to apply it
- Applying little wood’s rule and EMSR to set booking limits for different service offering
- Optimizing the prices for different product simultaneously
- Markdowns
With python :
Þ The basics of python, functions, and for loops
Þ Fitting demand with linear and logit functions
Þ Multi-product optimization
Þ Customized pricing.
Course Design
the course is designed as experiential learning Modules, the first couple of modules are for understanding pricing followed by applications using optimization.Don’t worry if you don’t know python, there are is a python fundamental section in the course to get you up and running with python.
Looking forward to seeing you inside and hope you enjoy the class.
Happy Mining!
Haytham
Rescale Analytics
Who this course is for:
- Marketing professionals
- Sales professionals
- Revenue managers
- Brand Managers
- Entrepreneurs
- Supply chain professionals
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