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Research from Professor David Simchi-Levi provides critical insight into product pricing for online retailers

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Research from Professor David Simchi-Levi provides critical insight into product pricing for online retailers
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[fusion_text]A new machine-learning algorithm from Professor David Simchi-Levi has helped online retailers determine the ideal price for products. The method led to an increase in revenue, profit and market share for retailers such as Rue La La, Groupon and B2W. It could also be used for other industries, including consumer products, airline and banking. Read more on MIT News.[/fusion_text]