Real-Time Dynamic Pricing with Minimal and Flexible Price Adjustment
نویسندگان
چکیده
منابع مشابه
Dynamic pricing with real-time demand learning
In many service industries, the firm adjusts the product price dynamically by taking into account the current product inventory and the future demand distribution. Because the firm can easily monitor the product inventory, the success of dynamic pricing relies on an accurate demand forecast. In this paper, we consider a situation where the firm does not have an accurate demand forecast, but can...
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Zhenyu Hu Department of Industrial Enterprise and Systems Engineering, University of Illinois at Urbana-Champaign, Urbana, Illinois 61801, [email protected] Xin Chen Department of Industrial Enterprise and Systems Engineering, University of Illinois at Urbana-Champaign, Urbana, Illinois 61801, [email protected] Peng Hu School of Management, Huazhong University of Science and Technology, Wuha...
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ژورنال
عنوان ژورنال: Management Science
سال: 2016
ISSN: 0025-1909,1526-5501
DOI: 10.1287/mnsc.2015.2238