The Stochastic Knapsack Revisited: Switch-Over Policies and Dynamic Pricing.
Grace Y. LinYingdong LuDavid D. YaoPublished in: Oper. Res. (2008)
Keyphrases
- dynamic pricing
- revenue management
- optimal pricing
- inventory replenishment
- supply chain management
- inventory control
- knapsack problem
- pricing model
- periodic review
- learning curve
- dynamic programming
- optimal policy
- monte carlo
- stochastic model
- market conditions
- single product
- inventory level
- pricing strategies
- state dependent
- production scheduling
- online auctions
- supply chain
- upper bound