The outbreaks of Covid-19 have had a significant effect on the economy. Therefore, they may affect the companies' decision to determine prices for goods and services to sustain and be competitive. During this recession period, customers focus on product value and prices, suppliers are concerned ...
Pricing Strategies in the Retail Industry Over the last few years, a myriad of reasons have popped up increasing the rate of change of what we used to call ‘normal’ in the retail industry. Whether it is due to CoVID-19, rampant inflation, increasing fuel and distribution costs or an in...
This holds true in times of normalcy, but especially during the recession to come. Although the COVID-19 crisis is not yet over, learnings from previous crises and knowledge of consumer behavioral frameworks mean we can map out consequences for net revenue management strategies. ...
Pricing Considerations For B2C Businesses During A Crisis B2C businesses are seeking strategies to survive the coronavirus (COVID-19) crisis. We put together 5 pricing tips to help your B2C company succeed despite current economic challenges. Price Optimization For Long Term Growth Leveraging price op...
The rise of the value-conscious consumer has been a widely acknowledged phenomenon ever since the Great Recession of 2008, with large percentages of households trading down to lower-value options in many product categories. We also observed a similar trend during the COVID-19 pandemic among lower...
Bi-objective optimization for a multi-period COVID-19 vaccination planning problem 2022, Omega (United Kingdom) Citation Excerpt : Macintyre et al. [50] analyze the impact of various COVID-19 vaccine strategies on COVID-19 case numbers and mortality under a limited supply scenario, as well ...
The COVID-19 crisis has intensified the urgency to improve pricing strategies and may have increased the value at stake. This is a challenging environment for the industry, and full recovery is likely to take approximately three to five years. A strategic and analytics-based pricing transformation...
Think of risk-based pricing as future-proofing for the uncertainty that looms during COVID-19 response and recovery. It’s the ultimate way to sit on the same side of the table as a customer. And as massive health systems and tiny coffee shops alike struggle to stay above water fi...
Companies must adopt new strategies to ensure future profitsBy Wei Ke and Gabe Knapp // . // Insights // How To Recession-Proof Your Pricing The last three years have hit companies hard. Between the COVID-19 pandemic, supply chain disruption, high inflation, and tightening monetary policy...
However, limited studies have considered perishable pricing and replenishment strategies under inflation at the same time. Hence, this study will enrich the literature by examining the optimal pricing and replenishment strategy for the perishable food supply chain under inflation. Overall, previous studies...