Oracle International Corporation

Mengzhenyu Zhang

Su-Ming Wu

Kiran V Panchamgam

Andrew Vakhutinsky

Setareh Borjian Boroujeni

Sajith Vijayan

Santosh Bai Reddy

Embodiments determine a price schedule for an item by, for each item, receiving a set of prices for the item, an inventory quantity for the item, a per-segment demand model for the item, and an objective function that is a function of the per-segment demand model and maximizes revenue based at least on a probability of a return of the item and a cost of the return. Embodiments allocate the inventory quantity among a plurality of customer segments based at least on a predicted contribution of each customer segment to the objective function. Embodiments determine a markdown portion of the price schedule for the item that maximizes the objective function, where the markdown portion assigns a series of prices selected from the set of prices for respective time periods during a clearance season for the item.

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Ann Arbor, MI, United States of America

Mengzhenyu Zhang