An optimal stopping policy for car rental businesses with purchasing customers.
Belleh A. FontemPublished in: Ann. Oper. Res. (2022)
Keyphrases
- optimal stopping
- finite horizon
- optimal policy
- customer loyalty
- purchasing behavior
- infinite horizon
- brownian motion
- business transactions
- revenue management
- inventory level
- customer satisfaction
- markov decision processes
- marketing strategies
- markov decision process
- service quality
- potential customers
- online retailers
- multistage
- optimal control
- electronic commerce
- average cost
- call center
- reinforcement learning
- asymptotically optimal
- dynamic pricing
- decision making
- pricing strategies
- diffusion process
- non stationary
- service providers
- state space
- dynamic programming
- multiscale