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 …

Data‐driven research in retail operations—A review

M Qi, HY Mak, ZJM Shen - Naval Research Logistics (NRL), 2020 - Wiley Online Library
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 …

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 …

The data-driven newsvendor problem: New bounds and insights

R Levi, G Perakis, J Uichanco - Operations Research, 2015 - pubsonline.informs.org
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 …

An integrated data-driven method using deep learning for a newsvendor problem with unobservable features

DP Neghab, S Khayyati, F Karaesmen - European Journal of Operational …, 2022 - Elsevier
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 …

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 …

Coordinating pricing and inventory replenishment with nonparametric demand learning

B Chen, X Chao, HS Ahn - Operations Research, 2019 - pubsonline.informs.org
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 …

Marrying stochastic gradient descent with bandits: Learning algorithms for inventory systems with fixed costs

H Yuan, Q Luo, C Shi - Management Science, 2021 - pubsonline.informs.org
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 …

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 …

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 …