Risk-sensitive dynamic pricing for a single perishable product

DOI10.1016/J.ORL.2009.05.005MaRDI QIDQ1038099zbMATH OpenOpenAlexFDO

Authors Michael Z. F. Li, Weifen Zhuang

Publication date 17 November 2009

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

Full work available at URL https://doi.org/10.1016/j.orl.2009.05.005

zbMATH Keywords

additive utilityatemporal utilitydynamic pricingrisk-sensitive

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

Recommendations

• Risk in Revenue Management and Dynamic Pricing
• Maximizing Revenues of Perishable Assets with a Risk Factor
• Optimal dynamic pricing of perishable products with stochastic demand and a finite set of prices
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Cites work

• Dynamic pricing in airline seat management for flights with multiple flight legs
• scientific article; zbMATH DE number 3906232 (Why is no real title available?)
• Optimal Dynamic Pricing of Inventories with Stochastic Demand over Finite Horizons
• Relationships Among Three Assumptions in Revenue Management
• Relative Entropy, Exponential Utility, and Robust Dynamic Pricing
• Risk Aversion in Inventory Management
• Risk in Revenue Management and Dynamic Pricing
• Risk-averse capacity control in revenue management
• Risk-Sensitive Markov Decision Processes
• Technical Note—A Risk-Sensitive Model for Managing Perishable Products

Cited in

(12)

• Optimizing conditional value-at-risk in dynamic pricing
• A survey on risk-averse and robust revenue management
• Joint dynamic pricing and capacity control for hotels and rentals with advanced demand information
• Time-consistent, risk-averse dynamic pricing
• Risk-sensitive control of Markov decision processes: a moment-based approach with target distributions
• Optimal dynamic pricing for deteriorating items with reference-price effects
• Risk in Revenue Management and Dynamic Pricing
• Technical Note—A Risk-Sensitive Model for Managing Perishable Products
• Maximizing Revenues of Perishable Assets with a Risk Factor
• Risk-averse dynamic pricing using mean-semivariance optimization
• Technical Note—Optimizing Risk-Balancing Return Under Discrete Choice Models
• Mean-variance optimization in finite horizon Markov decision processes and its application to revenue management

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