Dynamic pricing in a production system with multiple demand classes

DOI10.1016/j.apm.2014.10.041zbMath1443.91180OpenAlexW2006239843MaRDI QIDQ2009743

Hassan Shavandi, Mehdi Ahmadi

Publication date: 29 November 2019

Published in: Applied Mathematical Modelling (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.apm.2014.10.041

zbMATH Keywords

production systemdynamic pricingrationingrevenue managementMarkov decision process (MDP)several demand classes

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Markov and semi-Markov decision processes (90C40)

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