Technical note -- Optimal pricing under multiple-discrete customer choices and diminishing return of consumption

DOI10.1287/OPRE.2021.2146MaRDI QIDQ5080652zbMATH OpenOpenAlexFDO

Authors Woonghee Tim Huh, Hong-Min Li

Publication date 31 May 2022

Published in Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/opre.2021.2146

zbMATH Keywords

pricingcustomer choicerevenue management and market analyticsmultiple-discrete continuous choice model

Mathematics Subject Classification ID

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

Recommendations

• Multiproduct pricing with discrete price sets
• Optimal pricing under diffusion-choice models
• Optimal Pricing for a Multinomial Logit Choice Model with Network Effects
• Optimal dynamic price selection under attraction choice models
• Technical note: multiproduct pricing under the generalized extreme value models with homogeneous price sensitivity parameters

Cites work

• Approximation methods for pricing problems under the nested logit model with price bounds
• Assortment optimization under variants of the nested logit model
• Automobile Prices in Market Equilibrium
• Multiproduct price optimization and competition under the nested logit model with product-differentiated price sensitivities
• Optimal pricing of correlated product options under the paired combinatorial logit model
• Optimizing Multinomial Logit Profit Functions
• Technical note: Pricing under the nested attraction model with a multistage choice structure

Cited in

(11)

• Multiproduct pricing with discrete price sets
• Technical Note—Consumer Choice and Market Expansion: Modeling, Optimization, and Estimation
• The effect of discounts on optimal pricing under limited capacity
• Maximum utility product pricing models and algorithms based on reservation price
• SAA-regularized methods for multiproduct price optimization under the pure characteristics demand model
• Technical Note—Optimizing Risk-Balancing Return Under Discrete Choice Models
• Package size decisions
• Pricing heterogeneous products to heterogeneous customers who buy sequentially
• Optimal pricing under diffusion-choice models
• Consumer choice modelling in product line pricing: reservation prices and discrete choice theory
• Technical note: multiproduct pricing under the generalized extreme value models with homogeneous price sensitivity parameters

This page was built for publication: Technical note -- Optimal pricing under multiple-discrete customer choices and diminishing return of consumption

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q5080652)