Open-loop policies in Bayesian dynamic pricing: Some counter-intuitive observations and insights.
Li ChenChengyu WuPublished in: Oper. Res. Lett. (2019)
Keyphrases
- counter intuitive
- open loop
- dynamic pricing
- revenue management
- closed loop
- optimal pricing
- inventory replenishment
- feedback control
- control system
- supply chain management
- inverted pendulum
- learning curve
- makes sense
- inventory control
- data mining
- pricing strategies
- stability analysis
- fuzzy logic
- reinforcement learning
- bayesian networks
- total cost
- artificial intelligence