Optimal online markdown and markup pricing policies with demand uncertainty

DOI10.1016/J.IPL.2015.06.006zbMATH Open1414.91144OpenAlexW632214699MaRDI QIDQ2353645FDOQ2353645

Authors: Guanqun Ni, Li Luo, Yinfeng Xu, Jiuping Xu 

Publication date: 15 July 2015

Published in: Information Processing Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ipl.2015.06.006

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zbMATH Keywords

markdownonline algorithmsdemand uncertaintydynamic pricingmarkup

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Microeconomic theory (price theory and economic markets) (91B24)

Cites Work

• Title not available (Why is that?)
• Optimal Dynamic Pricing of Inventories with Stochastic Demand over Finite Horizons
• Periodic Pricing of Seasonal Products in Retailing
• Optimal Starting Times for End-of-Season Sales and Optimal Stopping Times for Promotional Fares
• Reducing the Cost of Demand Uncertainty Through Accurate Response to Early Sales
• Optimal dynamic pricing of perishable products with stochastic demand and a finite set of prices
• Integration of pricing and capacity allocation for perishable products
• Revenue management: Research overview and prospects
• Dynamic pricing without knowing the demand function: risk bounds and near-optimal algorithms
• Dynamic assortment with demand learning for seasonal consumer goods
• Optimal online pricing with network externalities
• Maximizing Revenues of Perishable Assets with a Risk Factor
• Toward Robust Revenue Management: Competitive Analysis of Online Booking
• A Stochastic Theory of the Firm
• Perishable asset revenue management with Markovian time dependent demand intensities
• Forecasting and Inventory Management of Short Life-Cycle Products

Cited In (6)

• Robust timing of markdowns
• Optimal markdown pricing strategy with demand learning
• Competitive analysis of online revenue management with hierarchical resources
• Title not available (Why is that?)
• A revisit to the markup practice of irreversible dynamic pricing
• Online Low-Price Guarantees—A Real Options Analysis

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