Research from Professor David Simchi-Levi shows that the Thompson sampling method, developed in the 1930s, can be combined with a linear algorithm to address revenue management problems. Simchi-Levi demonstrates that the Thompson sampling can be naturally […]
Professor David Simchi-Levi is leading a multiyear collaboration between MIT and JDA Software to advance intelligent supply chains. The collaboration aims to leverage machine learning and optimization to create customer experience and improve supply chain performance. […]
[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 […]
