Offline pricing and demand learning with censored data
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 …
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
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 …
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 …
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 …
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
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 …
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
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 …
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 …
consequences for a firm's bottom line. Often, firms lack important information about a new …
Online learning in inventory and pricing optimization
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 …
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
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 …
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 …
Over a planning horizon of T periods, demand distributions can change up to O (log T) times …