Optimal online markdown and markup pricing policies with demand uncertainty

DOI10.1016/J.IPL.2015.06.006MaRDI QIDQ2353645zbMATHOpenAlexFDO

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

zbMATH Keywords

markdownonline algorithmsdemand uncertaintydynamic pricingmarkup

Mathematics Subject Classification ID

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

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Cites work

• scientific article; zbMATH DE number 1232130 (Why is no real title available?)
• A Stochastic Theory of the Firm
• Dynamic assortment with demand learning for seasonal consumer goods
• Dynamic pricing without knowing the demand function: risk bounds and near-optimal algorithms
• Forecasting and Inventory Management of Short Life-Cycle Products
• Integration of pricing and capacity allocation for perishable products
• Maximizing Revenues of Perishable Assets with a Risk Factor
• Optimal Dynamic Pricing of Inventories with Stochastic Demand over Finite Horizons
• Optimal Starting Times for End-of-Season Sales and Optimal Stopping Times for Promotional Fares
• Optimal dynamic pricing of perishable products with stochastic demand and a finite set of prices
• Optimal online pricing with network externalities
• Periodic Pricing of Seasonal Products in Retailing
• Perishable asset revenue management with Markovian time dependent demand intensities
• Reducing the Cost of Demand Uncertainty Through Accurate Response to Early Sales
• Revenue management: Research overview and prospects
• Toward Robust Revenue Management: Competitive Analysis of Online Booking

Cited in

(6)

• A revisit to the markup practice of irreversible dynamic pricing
• Optimal markdown pricing strategy with demand learning
• Competitive analysis of online revenue management with hierarchical resources
• scientific article; zbMATH DE number 7113100 (Why is no real title available?)
• Robust timing of markdowns
• Online Low-Price Guarantees—A Real Options Analysis

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