Dynamic pricing and inventory control with learning

DOI10.1002/nav.10013zbMath0991.90006OpenAlexW2160657294MaRDI QIDQ4533476

Nicholas C. Petruzzi, Maqbool Dada

Publication date: 11 June 2002

Published in: Naval Research Logistics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1002/nav.10013

zbMATH Keywords

inventory managementcensored demanddemand updatingoptimal pricing and stocking policies

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

Related Items (17)

A production-inventory problem with price-sensitive demand ⋮ PRICING DECISIONS FOR A CLOSED-LOOP SUPPLY CHAIN IN A FUZZY ENVIRONMENT ⋮ OPTIMAL MARKDOWN PRICING STRATEGY WITH DEMAND LEARNING ⋮ Analytical solutions to the dynamic pricing problem for time-normalized revenue ⋮ Dynamic pricing with real-time demand learning ⋮ Dynamic pricing and inventory management with demand learning: a Bayesian approach ⋮ Inventory and sales effort management under unobservable lost sales ⋮ Wholesale-price contracts with postponed and fixed retail prices ⋮ Technical Note—Data-Based Dynamic Pricing and Inventory Control with Censored Demand and Limited Price Changes ⋮ Optimal dynamic pricing and ordering of a perishable product under additive effects of price and time on demand ⋮ Optimal inventory management for a retail chain with diverse store demands ⋮ Bayesian solution to pricing and inventory control under unknown demand distribution ⋮ Dynamic learning, pricing, and ordering by a censored newsvendor ⋮ Dynamic pricing with Bayesian demand learning and reference price effect ⋮ The newsvendor problem with an in-season price adjustment ⋮ Style goods pricing with demand learning ⋮ Optimal business hours of the newsvendor problem for retailers

Cites Work

• Unnamed Item
• Dynamic Inventory Policy with Varying Stochastic Demands
• Combined Pricing and Inventory Control Under Uncertainty
• Stalking Information: Bayesian Inventory Management with Unobserved Lost Sales
• Monopolistic Pricing and the Learning Curve: An Algorithmic Approach
• Bayes Solutions of the Statistical Inventory Problem
• Some remarks on bayes solutions to the inventory problem
• A Stochastic Sequencing Problem for Style Goods with Forecast Revisions and Hierarchical Structure
• Myopic Policies for Some Inventory Models with Uncertain Demand Distributions
• Production Planning of Style Goods with High Setup Costs and Forecast Revisions
• Bayes Solution to Dynamic Inventory Models Under Unknown Demand Distribution
• Learning, Experimentation, and the Optimal Output Decisions of a Competitive Firm
• Informational Dynamics of Censored Observations
• A dynamic, nonstationary inventory problem for a price/quantity setting firm
• A Bayesian Approach to the Production of Information and Learning by Doing
• The Ignorant Monopolist: Optimal Learning with Endogenous Information
• Demand estimation in lost sales inventory systems
• Optimal Dynamic Pricing of Inventories with Stochastic Demand over Finite Horizons
• Pricing and the Newsvendor Problem: A Review with Extensions
• Estimating negative binomial demand for retail inventory management with unobservable lost sales
• A High-Low Search Algorithm for a Newsboy Problem with Delayed Information Feedback
• Price-Production Decisions with Deterministic Demand
• Multiproduct Production Scheduling for Style Goods with Limited Capacity, Forecast Revisions and Terminal Delivery
• Multistage Production for Stochastic Seasonal Demand

This page was built for publication: Dynamic pricing and inventory control with learning