Product price alignment with seller service rating and consumer satisfaction

DOI10.1007/S10479-021-04318-3MaRDI QIDQ2678615zbMATH OpenOpenAlexFDO

Authors Timothy J. Lowe, Renato De Matta

Publication date 23 January 2023

Published in Annals of Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s10479-021-04318-3

zbMATH Keywords

customer satisfactiondynamic pricingrevenue managementsimulation optimizationstochastic dynamic programming

Mathematics Subject Classification ID

Mathematical modeling or simulation for problems pertaining to operations research and mathematical programming (90-10) Queues and service in operations research (90B22) Deterministic scheduling theory in operations research (90B35) Management decision making, including multiple objectives (90B50) Stochastic programming (90C15) Dynamic programming (90C39) Microeconomic theory (price theory and economic markets) (91B24) Production theory, theory of the firm (91B38)

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Cites work

• A Multiproduct Dynamic Pricing Problem and Its Applications to Network Yield Management
• A simulation based restricted dynamic programming approach for the green time dependent vehicle routing problem
• A simulation-based genetic algorithm approach for reducing emissions from import container Pick-up operation at container terminal
• Call center staffing with simulation and cutting plane methods
• Clearance pricing and inventory policies for retail chains
• Convergence Properties of the Nelder--Mead Simplex Method in Low Dimensions
• Dynamic pricing in the presence of inventory considerations: research overview, current practices, and future directions
• Dynamic Pricing with an Unknown Demand Model: Asymptotically Optimal Semi-Myopic Policies
• Mathematical programming models for joint simulation-optimization applied to closed queueing networks
• Optimal Dynamic Pricing of Inventories with Stochastic Demand over Finite Horizons
• Revenue Management Under a General Discrete Choice Model of Consumer Behavior
• Simulation and optimization of supply chains: Alternative or complementary approaches?
• The theory and practice of revenue management

Cited in

(3)

• Supplier's pricing strategy in the presence of consumer reviews
• Nonlinear pricing with consumer satiation
• Service quality in football tourism: an evaluation model based on online reviews and data envelopment analysis with linguistic distribution assessments

Describes a project that uses

Uses Software

• SimOpt
• fminsearch

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