Optimal markdown pricing strategy with demand learning

DOI10.1017/S0269964811000246MaRDI QIDQ2894058zbMATH OpenOpenAlexFDO

Authors H. Dharma Kwon, Steven A. Lippman, Christopher S. Tang

Publication date 27 June 2012

Published in Probability in the Engineering and Informational Sciences (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1017/s0269964811000246

Mathematics Subject Classification ID

Rationality and learning in game theory (91A26) Microeconomic theory (price theory and economic markets) (91B24) Auctions, bargaining, bidding and selling, and other market models (91B26)

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Cites work

• Combined pricing and inventory control under uncertainty
• Dynamic pricing and inventory control with learning
• Dynamic pricing with real-time demand learning
• Experimentation in Markets
• scientific article; zbMATH DE number 5016447 (Why is no real title available?)
• scientific article; zbMATH DE number 3906232 (Why is no real title available?)
• Investment Timing Under Incomplete Information
• Joint pricing and inventory control with a Markovian demand model
• On the properties of \(r\)-excessive mappings for a class of diffusions
• OPTIMAL EXIT FROM A DETERIORATING PROJECT WITH NOISY RETURNS
• OPTIMAL EXIT FROM A PROJECT WITH NOISY RETURNS
• Optimal Experimentation in a Changing Environment
• Optimal Starting Times for End-of-Season Sales and Optimal Stopping Times for Promotional Fares
• Strategic Experimentation
• The Optimal Level of Experimentation

Cited in

(5)

• Style goods pricing with demand learning
• Optimal temporal product introduction strategies under valuation changes and learning
• Optimal Pricing Strategy in Marketing Research Consulting
• Learning and Strategic Pricing
• Managing demand by upgrade programs and markdown pricing with a product rollover

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