A heuristic policy for dynamic pricing and demand learning with limited price changes and censored demand.
Jason RhuggenaathPaulo Roberto de Oliveira da CostaAlp AkcayYingqian ZhangUzay KaymakPublished in: SMC (2019)
Keyphrases
- dynamic pricing
- learning curve
- revenue management
- inventory control
- demand function
- optimal pricing
- supply chain management
- learning algorithm
- pricing model
- pricing strategies
- inventory replenishment
- market conditions
- stochastic demand
- finite horizon
- dynamic programming
- reinforcement learning
- customer service
- optimal policy