Dynamic Pricing Without Knowing the Demand Function: Risk Bounds and Near-Optimal Algorithms

From MaRDI portal
Publication:3100437


DOI10.1287/opre.1080.0640zbMath1233.90011WikidataQ110700659 ScholiaQ110700659MaRDI QIDQ3100437

Assaf J. Zeevi, Omar Besbes

Publication date: 24 November 2011

Published in: Operations Research (Search for Journal in Brave)

Full work available at URL: https://repository.upenn.edu/cgi/viewcontent.cgi?article=1190&context=oid_papers


90B50: Management decision making, including multiple objectives

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

90B05: Inventory, storage, reservoirs


Related Items

Unnamed Item, On Policies for Single-Leg Revenue Management with Limited Demand Information, Dynamic Incentive-Aware Learning: Robust Pricing in Contextual Auctions, Incentive-Compatible Learning of Reserve Prices for Repeated Auctions, Technical Note—Joint Learning and Optimization of Multi-Product Pricing with Finite Resource Capacity and Unknown Demand Parameters, Matching While Learning, Nonparametric Learning Algorithms for Joint Pricing and Inventory Control with Lost Sales and Censored Demand, Online Resource Allocation Under Partially Predictable Demand, Nonparametric Pricing Analytics with Customer Covariates, On the Futility of Dynamics in Robust Mechanism Design, General dynamic pricing algorithms based on universal exponential booking curves, Online Linear Programming: Dual Convergence, New Algorithms, and Regret Bounds, Constant Regret Resolving Heuristics for Price-Based Revenue Management, Data-Driven Pricing for a New Product, Pricing with Samples, Bayesian Exploration: Incentivizing Exploration in Bayesian Games, Coupled Learning Enabled Stochastic Programming with Endogenous Uncertainty, Contextual Search via Intrinsic Volumes, Dynamic Inventory Control with Fixed Setup Costs and Unknown Discrete Demand Distribution, Dynamic Learning and Decision Making via Basis Weight Vectors, Unnamed Item, Coordinating Pricing and Inventory Replenishment with Nonparametric Demand Learning, Bandits with Global Convex Constraints and Objective, A Data-Driven Functionally Robust Approach for Simultaneous Pricing and Order Quantity Decisions with Unknown Demand Function, Online Network Revenue Management Using Thompson Sampling, Dynamic Inventory and Price Controls Involving Unknown Demand on Discrete Nonperishable Items, Technical Note—Data-Based Dynamic Pricing and Inventory Control with Censored Demand and Limited Price Changes, Optimal Online Learning for Nonlinear Belief Models Using Discrete Priors, Nonparametric Self-Adjusting Control for Joint Learning and Optimization of Multiproduct Pricing with Finite Resource Capacity, Unnamed Item, Dynamic Pricing with Multiple Products and Partially Specified Demand Distribution, Asymptotically optimal dynamic pricing for network revenue management, A Primal–Dual Learning Algorithm for Personalized Dynamic Pricing with an Inventory Constraint, On dynamic pricing under model uncertainty, Data‐driven research in retail operations—A review, Mechanisms of cooperation between airlines and online travel agencies for flight crowdfunding, Price discrimination with robust beliefs, Policy Optimization Using Semiparametric Models for Dynamic Pricing, Dynamic scheduling with uncertain job types, Tracking the market: dynamic pricing and learning in a changing environment, Response-adaptive designs for clinical trials: simultaneous learning from multiple patients, Dynamic Bertrand oligopoly, Competitive analysis of online revenue management with hierarchical resources, Improving multi-armed bandit algorithms in online pricing settings, A minmax regret price control model for managing perishable products with uncertain parameters, Newsvendor-type models with decision-dependent uncertainty, A Bayesian learning model for estimating unknown demand parameter in revenue management, A revisit to the markup practice of irreversible dynamic pricing, Robust pricing for airlines with partial information, Simple pricing schemes for consumers with evolving values, Nonparametric advertising budget allocation with inventory constraint, Social welfare and profit maximization from revealed preferences, A pricing problem with unknown arrival rate and price sensitivity, Dynamic pricing with finite price sets: a non-parametric approach, Pricing of reusable resources under ambiguous distributions of demand and service time with emerging applications, Learning and pricing models for repeated generalized second-price auction in search advertising, Stochastic revision opportunities in Markov decision problems, Testing the robustness of deterministic models of optimal dynamic pricing and lot-sizing for deteriorating items under stochastic conditions, Optimal online markdown and markup pricing policies with demand uncertainty, Pricing to accelerate demand learning in dynamic assortment planning for perishable products, Optimal pricing to minimize maximum regret with limited demand information, Close the Gaps: A Learning-While-Doing Algorithm for Single-Product Revenue Management Problems, Quantity Premiums and Discounts in Dynamic Pricing, Revenue management under randomly evolving economic conditions, Learning and Pricing with Models That Do Not Explicitly Incorporate Competition, Bayesian Incentive-Compatible Bandit Exploration, Investment Timing with Incomplete Information and Multiple Means of Learning, Dynamic Pricing and Learning with Finite Inventories