Learning, Experimentation, and the Optimal Output Decisions of a Competitive Firm

DOI10.1287/MNSC.28.6.589MaRDI QIDQ3941144zbMATH OpenOpenAlexFDO

Authors Giora Harpaz, Wayne Lee, Robert L. Winkler

Publication date 1982

Published in Management Science (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/mnsc.28.6.589

zbMATH Keywords

Bayesian frameworkdemand forecastingdemand uncertaintylearning from experienceoptimal sequential outputoverproductionperfectly competitive firmtheory of the firm

Mathematics Subject Classification ID

Production models (90B30) Production theory, theory of the firm (91B38)

Cited in

(4)

• Dynamic pricing and inventory control with learning
• Customer learning in call centers from previous waiting experiences
• Dynamic learning, pricing, and ordering by a censored newsvendor
• Order quantities for style goods with two order opportunities and Bayesian updating of demand. Part I: no capacity constraints

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