Recent developments in dynamic pricing research: multiple products, competition, and limited demand information
Dynamic pricing enables a firm to increase revenue by better matching supply with demand,
responding to shifting demand patterns, and achieving customer segmentation. In the last 20 …
responding to shifting demand patterns, and achieving customer segmentation. In the last 20 …
Pricing multiple products with the multinomial logit and nested logit models: Concavity and implications
We consider the problem of pricing multiple differentiated products with the nested logit
model and, as a special case, the multinomial logit model. We prove that concavity of the …
model and, as a special case, the multinomial logit model. We prove that concavity of the …
Dynamic pricing and inventory control of substitute products
L Dong, P Kouvelis, Z Tian - Manufacturing & Service …, 2009 - pubsonline.informs.org
We study dynamic pricing and inventory control of substitute products for a retailer who faces
a long supply lead time and a short selling season. Within a multinomial logit model of …
a long supply lead time and a short selling season. Within a multinomial logit model of …
Dynamic pricing policies for interdependent perishable products or services using reinforcement learning
R Rana, FS Oliveira - Expert systems with applications, 2015 - Elsevier
Many businesses offer multiple products or services that are interdependent, in which the
demand for one is often affected by the prices of others. This article considers a revenue …
demand for one is often affected by the prices of others. This article considers a revenue …
Managing perishables with substitution: Inventory issuance and replenishment heuristics
B Deniz, I Karaesmen… - Manufacturing & Service …, 2010 - pubsonline.informs.org
We consider a discrete-time supply chain for perishable goods having separate demand
streams for items of different ages. For a good that has two periods of lifetime, we build a …
streams for items of different ages. For a good that has two periods of lifetime, we build a …
Combination of pricing and inventory policies for deteriorating products with sustainability considerations
MA Edalatpour, SMJ Mirzapour Al-e-Hashem… - Environment …, 2024 - Springer
Economic, environmental, and social criteria are all being taken into consideration
simultaneously when determining pricing policies or inventory levels in sustainable …
simultaneously when determining pricing policies or inventory levels in sustainable …
Robust newsvendor competition under asymmetric information
We generalize analysis of competition among newsvendors to a setting in which competitors
possess asymmetric information about future demand realizations, and this information is …
possess asymmetric information about future demand realizations, and this information is …
[图书][B] Production and inventory management with substitutions
JC Lang - 2009 - books.google.com
Quantitativeapproachesforsolvingproductio… problems in industry have gained growing
importance in the past years. Due to the increasinguse of AdvancedPlanningSystems, a …
importance in the past years. Due to the increasinguse of AdvancedPlanningSystems, a …
Pricing decisions during inter‐generational product transition
How should companies price products during an inter‐generational transition? High
uncertainty in a new product introduction often leads to extreme cases of demand and …
uncertainty in a new product introduction often leads to extreme cases of demand and …
Dynamic pricing of substitutable products with limited inventories under logit demand
M Suh, G Aydin - IIE transactions, 2011 - Taylor & Francis
This article considers the dynamic pricing of two substitutable products over a
predetermined, finite selling season. The initial inventory levels of the products are fixed …
predetermined, finite selling season. The initial inventory levels of the products are fixed …