Performance bounds on optimal fixed prices
نویسندگان
چکیده
منابع مشابه
Performance bounds on optimal fixed prices
We consider the problem of selling a fixed stock of items over a finite horizon when the buyers arrive following a Poisson process. We obtain a general lower bound on the performance of using a fixed price rather than dynamically adjusting the price. The bound is 63.21% for one unit of inventory, and it improves as the inventory increases. For the one-unit case, we also obtain tight bounds: 89....
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ژورنال
عنوان ژورنال: Operations Research Letters
سال: 2013
ISSN: 0167-6377
DOI: 10.1016/j.orl.2013.06.013