Offline pricing and demand learning with censored data

J Bu, D Simchi-Levi, L Wang - Management Science, 2023 - pubsonline.informs.org
We study a single product pricing problem with demand censoring in an offline data-driven
setting. In this problem, a retailer has a finite amount of inventory and faces a random …

Sample complexity of policy learning for inventory control with censored demand

X Fan, B Chen, Z Zhou - Available at SSRN 4178567, 2022 - papers.ssrn.com
Traditional offline-learning studies in inventory control assume access to true demand
samples $\{d_n\} _ {n= 1}^{N} $. However, in many applications, true demand samples are …

Dynamic pricing with external information and inventory constraint

X Li, Z Zheng - Management Science, 2023 - pubsonline.informs.org
A merchant dynamically sets prices in each time period when selling a product over a finite
time horizon with a given initial inventory. The merchant utilizes new external information …

Dynamic pricing and learning with finite inventories

AV den Boer, B Zwart - Operations research, 2015 - pubsonline.informs.org
We study a dynamic pricing problem with finite inventory and parametric uncertainty on the
demand distribution. Products are sold during selling seasons of finite length, and inventory …

Data-based dynamic pricing and inventory control with censored demand and limited price changes

B Chen, X Chao, Y Wang - Operations Research, 2020 - pubsonline.informs.org
A firm makes pricing and inventory replenishment decisions for a product over T periods to
maximize its expected total profit. Demand is random and price sensitive, and unsatisfied …

Nonparametric learning algorithms for joint pricing and inventory control with lost sales and censored demand

B Chen, X Chao, C Shi - Mathematics of Operations …, 2021 - pubsonline.informs.org
We consider a joint pricing and inventory control problem in which the customer's response
to selling price and the demand distribution are not known a priori. Unsatisfied demand is …

Data-driven pricing for a new product

M Zhang, HS Ahn, J Uichanco - Operations Research, 2022 - pubsonline.informs.org
Decisions regarding new products are often difficult to make, and mistakes can have grave
consequences for a firm's bottom line. Often, firms lack important information about a new …

Online learning in inventory and pricing optimization

X Chao, B Chen, H Zhang - Research Handbook on Inventory …, 2023 - elgaronline.com
The gist of inventory management is balancing overage and underage costs, and the key to
striking that balance lies in understanding customer demand. If there is no uncertainty in …

Parametric demand learning with limited price explorations in a backlog stochastic inventory system

B Chen, X Chao - IISE Transactions, 2019 - Taylor & Francis
We study a multi-period stochastic inventory system with backlogs. Demand in each period
is random and price sensitive, but the firm has little or no prior knowledge about the demand …

Data‐driven inventory control with shifting demand

B Chen - Production and Operations Management, 2021 - journals.sagepub.com
We consider an inventory control problem with lost‐sales in a shifting demand environment.
Over a planning horizon of T periods, demand distributions can change up to O (log T) times …