A simulation‐based algorithm for optimal pricing policy under demand uncertainty

DOI10.1111/itor.12064zbMath1307.90123OpenAlexW2063079361WikidataQ114981728 ScholiaQ114981728MaRDI QIDQ5175839

Sindhu Padakandla, Saswata Chakravarty, Shalabh Bhatnagar

Publication date: 25 February 2015

Published in: International Transactions in Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/itor.12064

zbMATH Keywords

stochastic approximation algorithmBass modeloptimal pricing policyparameterized stochastic differential equation (SDE)smoothed functional gradient estimates

Mathematics Subject Classification ID

Stochastic programming (90C15) Microeconomic theory (price theory and economic markets) (91B24)

Cites Work

• Stochastic recursive algorithms for optimization. Simultaneous perturbation methods
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• Stochastic approximation methods for constrained and unconstrained systems
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• Dynamic Pricing with a Prior on Market Response
• A New Product Growth for Model Consumer Durables
• Dynamic Price Models for New-Product Planning
• Optimal Pricing Strategy for New Products
• A New Product Adoption Model with Price, Advertising, and Uncertainty
• Technical Change and the Rate of Imitation
• Innovation Diffusion in a Dynamic Potential Adopter Population
• Optimal parameter trajectory estimation in parameterized SDEs
• Optimal Monopolist Pricing Under Demand Uncertainty in Dynamic Markets

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