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Data Mining Problems in Retail

Highly Scalable

Retail is one of the most important business domains for data science and data mining applications because of its prolific data and numerous optimization problems such as optimal prices, discounts, recommendations, and stock levels that can be solved using data analysis methods. However, many of these models are highly parametric (i.e.

Retail 152
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The Ever Given is Not a Black Swan Event

The Agile Manager

Shippers, facing excessive capacity after the financial crisis of 2008, either went out of business, merged, or did deals to fill their ships to capacity. Optimization of the oceangoing containership fleet came at the cost of the efficiency of the rest of the supply chain into which it was integrated.

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Conserve or Invest?

The Agile Manager

Both the financial and real economies have suffered quite a few shocks in the last 20 years: the dot-com bubble bursting (2000); September 11 (2001); the Great Recession (2008); and today in 2020 the COVID-19 crisis is wreaking economic havoc. It was much different in 2008.