Dynamic Pricing Competition with Unobservable Inventory Levels: A Hidden Markov Model Approach.
Rainer SchlosserKeven RichlyPublished in: ICORES (Selected Papers) (2018)
Keyphrases
- hidden markov models
- dynamic pricing
- inventory level
- expected cost
- lead time
- total cost
- optimal policy
- production system
- state dependent
- long run
- revenue management
- inventory control
- stochastic process
- lost sales
- infinite horizon
- single product
- conditional random fields
- single stage
- customer demand
- markov models
- production cost
- sufficient conditions
- optimal strategy
- single server
- stationary distribution
- steady state
- supply chain
- cost function
- optimal solution