Optimal Markdown Pricing: Implications of Inventory Display Formats in the Presence of Strategic Customers.
Rui YinYossi AvivAmit PazgalChristopher S. TangPublished in: Manag. Sci. (2009)
Keyphrases
- optimal pricing
- single product
- dynamic pricing
- profit maximization
- holding cost
- optimal capacity
- expected profit
- inventory policy
- inventory level
- uncertain demand
- revenue management
- supply chain
- periodic review
- customer demand
- optimal solution
- dynamic programming
- pricing strategies
- joint replenishment
- single item
- state dependent
- worst case
- decision making
- multi echelon
- pricing model
- case study
- finite horizon
- steady state
- knowledge management
- optimal control
- allocation policy
- expected cost
- metadata
- inventory control
- inventory replenishment
- multi item