Price Optimization 2017-08-10T17:57:31+00:00

Price OptimizationThe price optimization is a mathematical exercise whose purpose is to find the price that delivers the maximum profit. Price optimization is often done in businesses where the volumes are high and thus mathematical models can be used. In a smaller level, price optimization might mean that a retailer makes A/B testing to see how much premium they can have upwards from the monitored market pricing.