Simply structured policies for a dynamic pricing problem with constant price elasticity demand.
Chia-Shin ChungJames FlynnPublished in: IEEM (2011)
Keyphrases
- dynamic pricing
- revenue management
- inventory replenishment
- optimal pricing
- supply chain management
- inventory control
- pricing model
- learning curve
- demand function
- single product
- total cost
- pricing strategies
- market conditions
- stochastic demand
- optimal policy
- supply chain
- cost function
- production capacity
- probability distribution