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MANAGEMENT SCIENCE AND ENGINEERING B8862.001/IEOR E4220 – DEMAND AND SUPPLY ANALYTICS Spring Semester 2011/2012 Professor Robert Phillips
All businesses face operational and pricing challenges including: How to configure and operate their supply chain, What kind of contracts to set with suppliers, What inventory levels to carry at various points in the supply chain, How to allocate products to sales channels and outlets, How to price their products over time to different market segments. These challenges are often addressed individually and in isolation but, in reality, all of these decisions interact with each other at a fundamental level. This class looks at the demand and supply management challenges faced by companies in various industries and provides an introduction to the tools that can be used to address these challenges. We pay particular attention to the challenges involved in coordinating different decision areas across the firm. Specific topics covered include: Pricing and revenue management, Market segmentation, Customized pricing, Markdown pricing, Inventory‐service tradeoffs, Safety stock allocation, Product and process design, Information sharing, New Product introduction, Behavioral issues, fairness, trust and altruism. Prerequisites A basic understanding of both probabilistic and deterministic models. Class Times Tuesday and Thursday. 12:30 – 2:00 Uris Hall. Room 141. Required Class Package B8862.001/IEOR E4220 Class Pack Required Text R.L. Phillips, Pricing and Revenue Optimization. Stanford University Press, 2005. (Available at the bookstore and on reserve in the Engineering Library) ‐‐ 1 ‐‐
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