A minmax regret price control model for managing perishable products with uncertain parameters

DOI10.1016/j.ejor.2016.09.024zbMath1394.90053OpenAlexW2527566885MaRDI QIDQ1751687

Jiamin Wang, Baichun Xiao

Publication date: 25 May 2018

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ejor.2016.09.024

zbMATH Keywords

robust controlminmax regretdynamic pricingrevenue management

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Production theory, theory of the firm (91B38) Microeconomic theory (price theory and economic markets) (91B24) Inventory, storage, reservoirs (90B05) Consumer behavior, demand theory (91B42)

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Optimizing conditional value-at-risk in dynamic pricing ⋮ A survey on risk-averse and robust revenue management ⋮ Bayesian learning in performance. Is there any? ⋮ An equilibrium model of the supply chain network under multi-attribute behaviors analysis ⋮ A Bayesian learning model for estimating unknown demand parameter in revenue management ⋮ The impacts of retailers' regret aversion on a random multi-period supply chain network ⋮ Robust pricing for airlines with partial information

Cites Work

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• Technical Note—A Risk-Sensitive Model for Managing Perishable Products
• Optimal Dynamic Pricing of Inventories with Stochastic Demand over Finite Horizons
• Revenue impacts of fare input and demand forecast accuracy in airline yield management

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