Dynamic Pricing and Learning with Finite Inventories

DOI10.1287/OPRE.2015.1397zbMath1329.91045OpenAlexW2131771069MaRDI QIDQ3465597

Arnoud V. den Boer, Bert Zwart

Publication date: 22 January 2016

Published in: Operations Research (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/04b137b972fa56702b7ba6725067032091bf281b

zbMATH Keywords

uncertaintydynamic programmingmarketingpricingstochasticMarkovinventory/productionfinite state

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Microeconomic theory (price theory and economic markets) (91B24) Inventory, storage, reservoirs (90B05)

Related Items (16)

Constant Regret Resolving Heuristics for Price-Based Revenue Management ⋮ Tracking the market: dynamic pricing and learning in a changing environment ⋮ Setting Reserve Prices in Second-Price Auctions with Unobserved Bids ⋮ Data-Driven Pricing for a New Product ⋮ Price volatility of revenue managed goods: implications for demand and price elasticity ⋮ Dynamic pricing and sales effort in dual-channel retailing for seasonal products ⋮ Technical Note—Nonstationary Stochastic Optimization Under L_p,q-Variation Measures ⋮ Dynamic pricing with finite price sets: a non-parametric approach ⋮ A Bayesian learning model for estimating unknown demand parameter in revenue management ⋮ On Incomplete Learning and Certainty-Equivalence Control ⋮ On Policies for Single-Leg Revenue Management with Limited Demand Information ⋮ Matching While Learning ⋮ Nonparametric Learning Algorithms for Joint Pricing and Inventory Control with Lost Sales and Censored Demand ⋮ A Primal–Dual Learning Algorithm for Personalized Dynamic Pricing with an Inventory Constraint ⋮ The Exploration-Exploitation Trade-off in the Newsvendor Problem ⋮ Close the Gaps: A Learning-While-Doing Algorithm for Single-Product Revenue Management Problems

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