Dynamic pricing using flexible heterogeneous sales response models

DOI10.1007/S00291-024-00756-0MaRDI QIDQ6556796zbMATH OpenFDO

Authors Philipp Aschersleben, Winfried J. Steiner

Publication date 17 June 2024

Published in OR Spectrum (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1007/S00291-024-00756-0

zbMATH Keywords

discrete dynamic programmingfunctional flexibilityprice dynamicsprice optimizationsales response modelsstore heterogeneity

Mathematics Subject Classification ID

Marketing, advertising (90B60) Dynamic programming (90C39)

Recommendations

• Accommodating heterogeneity and nonlinearity in price effects for predicting brand sales and profits
• A comparison of semiparametric and heterogeneous store sales models for optimal category pricing
• Relevance of functional flexibility for heterogeneous sales response models: a comparison of parametric and semi-nonparametric models
• Dynamic pricing via dynamic programming
• Dynamic pricing: a learning approach

Cites work

• A comparison of semiparametric and heterogeneous store sales models for optimal category pricing
• Accommodating heterogeneity and nonlinearity in price effects for predicting brand sales and profits
• Bayesian non- and semi-parametric methods and applications
• Clusterwise pricing in stores of a retail chain
• Detecting price thresholds in choice models using a semi-parametric approach
• Explicit Solutions of Optimization Models and Differential Games with Nonsmooth (Asymmetric) Reference-Price Effects
• Flexible smoothing with B-splines and penalties. With comments and a rejoinder by the authors
• scientific article; zbMATH DE number 48302 (Why is no real title available?)
• scientific article; zbMATH DE number 1873658 (Why is no real title available?)
• scientific article; zbMATH DE number 3069635 (Why is no real title available?)
• Investigating the competitive assumptions of multinomial logit models for brand choice by nonparametric modelling
• Modeling price response from retail sales: an empirical comparison of models with different representations of heterogeneity
• Predictive Inference Based on Markov Chain Monte Carlo Output
• Relevance of functional flexibility for heterogeneous sales response models: a comparison of parametric and semi-nonparametric models
• Robust Tests for the Equality of Variances
• Robustness to nonnormality of the Durbin-Watson test for autocorrelation
• Scoring Rules for Continuous Probability Distributions
• Serial Correlation and the Fixed Effects Model
• Strictly Proper Scoring Rules, Prediction, and Estimation
• Varying parameter models to accomodate dynamic promotion effects

Cited in

(1)

• Predicting and optimizing marketing performance in dynamic markets

This page was built for publication: Dynamic pricing using flexible heterogeneous sales response models

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q6556796)