A simulation-based algorithm for optimal pricing policy under demand uncertainty

DOI10.1111/ITOR.12064MaRDI QIDQ5175839zbMATH OpenOpenAlexWikidataFDO

Authors Saswata Chakravarty, Sindhu Padakandla, Shalabh Bhatnagar

Publication date 25 February 2015

Published in International Transactions in Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1111/itor.12064

zbMATH Keywords

Bass modeloptimal pricing policyparameterized stochastic differential equation (SDE)smoothed functional gradient estimatesstochastic approximation algorithm

Mathematics Subject Classification ID

Stochastic programming (90C15) Microeconomic theory (price theory and economic markets) (91B24)

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Cites work

• A New Product Adoption Model with Price, Advertising, and Uncertainty
• A new product growth for model consumer durables
• Competitive advertising under uncertainty: a stochastic differential game approach
• Dynamic price models for new-product planning
• Dynamic pricing for nonperishable products with demand learning
• Dynamic pricing with a prior on market response
• Dynamic pricing with real-time demand learning
• Innovation Diffusion in a Dynamic Potential Adopter Population
• Optimal Monopolist Pricing Under Demand Uncertainty in Dynamic Markets
• Optimal parameter trajectory estimation in parameterized SDEs: an algorithmic procedure
• Optimal pricing strategy for new products
• Stochastic approximation methods for constrained and unconstrained systems
• Stochastic recursive algorithms for optimization. Simultaneous perturbation methods
• Technical Change and the Rate of Imitation

Cited in

(2)

• scientific article; zbMATH DE number 6383426 (Why is no real title available?)
• A Data-Driven Functionally Robust Approach for Simultaneous Pricing and Order Quantity Decisions with Unknown Demand Function

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