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Simulation Game for Inventory and Markdown Pricing

We intend to develop a simulation game which will be used in supply chain course. The case will simulate a retail supply chain of a fashion apparel and students will have to make pricing decision over a period of 15 weeks after which the product becomes obsolete sold in the salvage market. The student will be focusing on two aspects of the pricing decision during the course of 15 simulated weeks: timing and magnitude of price reduction of the product.

Project Team
Jishnu Hazra
Sponsor
IIM Bangalore
Select Project Type
Ongoing Projects
Project Status
Ongoing (Initiated in March 2019)
Funded Projects Functional Area
Production & Operations Management

Simulation Game for Inventory and Markdown Pricing

Project Team: Jishnu Hazra
Sponsor: IIM Bangalore
Project Status: Ongoing (Initiated in March 2019)
Area: Production & Operations Management
Abstract:

We intend to develop a simulation game which will be used in supply chain course. The case will simulate a retail supply chain of a fashion apparel and students will have to make pricing decision over a period of 15 weeks after which the product becomes obsolete sold in the salvage market. The student will be focusing on two aspects of the pricing decision during the course of 15 simulated weeks: timing and magnitude of price reduction of the product.