Dynamic pricing under binary demand uncertainty: A multi-armed bandit with correlated arms.
Yixuan ZhaiPouya TehraniLin LiJiang ZhaoQing ZhaoPublished in: ACSCC (2011)
Keyphrases
- dynamic pricing
- multi armed bandits
- demand function
- multi armed bandit
- demand uncertainty
- selling season
- revenue management
- supply chain management
- reinforcement learning
- learning curve
- inventory control
- supply chain
- single product
- upper bound
- production scheduling
- machine learning
- pricing strategies
- sufficient conditions