An optimal pricing policy under a Markov chain model

DOI10.1007/s11425-020-1799-2zbMath1487.90034WikidataQ114852281 ScholiaQ114852281MaRDI QIDQ2133640

Jingzhi Tie, Zhen Wu, Qing Zhang, Ruyi Liu

Publication date: 4 May 2022

Published in: Science China. Mathematics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11425-020-1799-2

zbMATH Keywords

threshold policy; Markov chain model; pricing control

Mathematics Subject Classification ID

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

90B05: Inventory, storage, reservoirs

60J20: Applications of Markov chains and discrete-time Markov processes on general state spaces (social mobility, learning theory, industrial processes, etc.)