Dynamic Pricing for Perishable Products with Cancelations and No-shows
نویسندگان
چکیده
Abstract Assume that customers are price sensitive, changes in the price of perishable products will bring changes in demand, and business can adjust the perishable products' price to influence the market demand, a perishable products multi-stage pricing model considering cancelations and no-shows is proposed, and the optimal pricing, the optimal expected revenue with the products' initial quantity are analyzed in this paper.
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