List pricing versus dynamic pricing: impact on the revenue risk

DOI10.1016/j.ejor.2009.11.020zbMath1181.90280OpenAlexW2090489114MaRDI QIDQ2267651

Joern Meissner, Matthias Koenig

Publication date: 1 March 2010

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

Full work available at URL: https://doi.org/10.1016/j.ejor.2009.11.020

zbMATH Keywords

dynamic programmingrisk analysispricingrevenue managementcapacity control

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Microeconomic theory (price theory and economic markets) (91B24) Dynamic programming (90C39)

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Cites Work

• Dynamic pricing of inventory/capacity with infrequent price changes
• Risk-sensitive capacity control in revenue management
• A stochastic approach to hotel revenue optimization
• Relative Entropy, Exponential Utility, and Robust Dynamic Pricing
• Risk in Revenue Management and Dynamic Pricing
• Asymptotic Behavior of an Allocation Policy for Revenue Management
• Optimal Dynamic Pricing of Inventories with Stochastic Demand over Finite Horizons
• A Multiproduct Dynamic Pricing Problem and Its Applications to Network Yield Management
• Maximizing Revenues of Perishable Assets with a Risk Factor