Technical Note—Dynamic Pricing and Demand Learning with Limited Price Experimentation

DOI10.1287/opre.2017.1629zbMath1405.91195OpenAlexW2740158290MaRDI QIDQ4602483

David Simchi-Levi, He Wang, Wang-Chi Cheung

Publication date: 11 January 2018

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

Full work available at URL: https://doi.org/10.1287/opre.2017.1629

zbMATH Keywords

dynamic pricingrevenue managementprice experimentationlearning-earning trade-off

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Consumer behavior, demand theory (91B42)

Related Items (17)

Setting Reserve Prices in Second-Price Auctions with Unobserved Bids ⋮ Data-Driven Pricing for a New Product ⋮ Technical Note—Static Pricing: Universal Guarantees for Reusable Resources ⋮ Coupled Learning Enabled Stochastic Programming with Endogenous Uncertainty ⋮ Dynamic pricing and inventory management with demand learning: a Bayesian approach ⋮ Nonparametric advertising budget allocation with inventory constraint ⋮ Data-driven mixed-integer linear programming-based optimisation for efficient failure detection in large-scale distributed systems ⋮ A Data-Driven Functionally Robust Approach for Simultaneous Pricing and Order Quantity Decisions with Unknown Demand Function ⋮ Dynamic Inventory and Price Controls Involving Unknown Demand on Discrete Nonperishable Items ⋮ Technical Note—Data-Based Dynamic Pricing and Inventory Control with Censored Demand and Limited Price Changes ⋮ Pricing of reusable resources under ambiguous distributions of demand and service time with emerging applications ⋮ The price-setting newsvendor with Poisson demand ⋮ The effect of full or partial pricing integration on supply chain management ⋮ On Incomplete Learning and Certainty-Equivalence Control ⋮ Dynamic Incentive-Aware Learning: Robust Pricing in Contextual Auctions ⋮ Nonparametric Pricing Analytics with Customer Covariates ⋮ A Primal–Dual Learning Algorithm for Personalized Dynamic Pricing with an Inventory Constraint

This page was built for publication: Technical Note—Dynamic Pricing and Demand Learning with Limited Price Experimentation