AIFT Seminar by Prof. Baichun XIAO
Prof. Baichun Xiao delivered a seminar on “Optimal Pricing and Replenishment Policies for Product Ecosystems” on 5 Jan 2024. The seminar explored the challenges of pricing and inventory management in product ecosystems and proposed a dynamic policy model. The model considered complementary and substitution dynamics among core products and accessories. The seminar highlighted the importance of supermodularity and presented a sequential algorithm for multi-product scenarios. The seminar provided valuable insights for decision-makers, emphasizing the ripple effect of pricing adjustments and offering efficient solutions. It offered a comprehensive understanding of optimal pricing and replenishment policies for researchers and industry practitioners.