Dynamic pricing and learning: historical origins, current research, and new directions
AV Den Boer - Surveys in operations research and management …, 2015 - Elsevier
The topic of dynamic pricing and learning has received a considerable amount of attention
in recent years, from different scientific communities. We survey these literature streams: we …
in recent years, from different scientific communities. We survey these literature streams: we …
Data‐driven research in retail operations—A review
We review the operations research/management science literature on data‐driven methods
in retail operations. This line of work has grown rapidly in recent years, thanks to the …
in retail operations. This line of work has grown rapidly in recent years, thanks to the …
From predictive to prescriptive analytics
D Bertsimas, N Kallus - Management Science, 2020 - pubsonline.informs.org
We combine ideas from machine learning (ML) and operations research and management
science (OR/MS) in developing a framework, along with specific methods, for using data to …
science (OR/MS) in developing a framework, along with specific methods, for using data to …
The data-driven newsvendor problem: New bounds and insights
Consider the newsvendor model, but under the assumption that the underlying demand
distribution is not known as part of the input. Instead, the only information available is a …
distribution is not known as part of the input. Instead, the only information available is a …
An integrated data-driven method using deep learning for a newsvendor problem with unobservable features
We consider a single-period inventory problem with random demand with both directly
observable and unobservable features that impact the demand distribution. With the recent …
observable and unobservable features that impact the demand distribution. With the recent …
On implications of demand censoring in the newsvendor problem
O Besbes, A Muharremoglu - Management Science, 2013 - pubsonline.informs.org
We consider a repeated newsvendor problem in which the decision maker (DM) does not
have access to the underlying demand distribution. The goal of this paper is to characterize …
have access to the underlying demand distribution. The goal of this paper is to characterize …
Coordinating pricing and inventory replenishment with nonparametric demand learning
We consider a firm (eg, retailer) selling a single nonperishable product over a finite-period
planning horizon. Demand in each period is stochastic and price sensitive, and unsatisfied …
planning horizon. Demand in each period is stochastic and price sensitive, and unsatisfied …
Marrying stochastic gradient descent with bandits: Learning algorithms for inventory systems with fixed costs
We consider a periodic-review single-product inventory system with fixed cost under
censored demand. Under full demand distributional information, it is well known that the …
censored demand. Under full demand distributional information, it is well known that the …
How big should your data really be? Data-driven newsvendor: Learning one sample at a time
O Besbes, O Mouchtaki - Management Science, 2023 - pubsonline.informs.org
We study the classical newsvendor problem in which the decision maker must trade off
underage and overage costs. In contrast to the typical setting, we assume that the decision …
underage and overage costs. In contrast to the typical setting, we assume that the decision …
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 …