메뉴 건너뛰기




Volumn 30, Issue 2-3, 2005, Pages 231-256

Dynamic pricing models for electronic business

Author keywords

Data driven models; Dynamic pricing; Inventory based models; Pricebots; Reinforcement learning; Shopbots

Indexed keywords

COMPUTATIONAL COMPLEXITY; COSTS; DECISION MAKING; INTERNET; INVENTORY CONTROL; LEARNING SYSTEMS; MATHEMATICAL MODELS; PURCHASING;

EID: 23044485603     PISSN: 02562499     EISSN: None     Source Type: Journal    
DOI: 10.1007/BF02706246     Document Type: Article
Times cited : (69)

References (86)
  • 1
    • 0242708616 scopus 로고    scopus 로고
    • Dynamic pricing: Research overview, current practices and future directions
    • October
    • W. Elmaghraby and P. Keskinocak. Dynamic pricing: Research overview, current practices and future directions. Manage. Sci. 49(10): 1287-1309, October 2003
    • (2003) Manage. Sci. , vol.49 , Issue.10 , pp. 1287-1309
    • Elmaghraby, W.1    Keskinocak, P.2
  • 6
    • 0013225760 scopus 로고    scopus 로고
    • Dynamic pricing on the internet: Importance and implications for consumer behaviour
    • P.K. Kantian and P.K. Kopalle. Dynamic pricing on the internet: Importance and implications for consumer behaviour. Int. J. Electron. Commerce, 5(3): 63-83, 2001
    • (2001) Int. J. Electron. Commerce , vol.5 , Issue.3 , pp. 63-83
    • Kantian, P.K.1    Kopalle, P.K.2
  • 7
    • 33748532346 scopus 로고    scopus 로고
    • Auctions and pricing in e-marketplaces
    • International Series in Operations Research and Management Science, Kluwer Academic Publishers, Norwell, MA
    • W. Elmaghraby. Auctions and pricing in e-marketplaces. In Handbook of Quantitative Supply Chain Analysis: Modelling in the E-Business Era. International Series in Operations Research and Management Science, Kluwer Academic Publishers, Norwell, MA, 2005
    • (2005) Handbook of Quantitative Supply Chain Analysis: Modelling in the E-Business Era
    • Elmaghraby, W.1
  • 8
    • 85131751581 scopus 로고    scopus 로고
    • Dynamic pricing on the internet: Theory and simulations
    • B. Leloup and L. Deveaux. Dynamic pricing on the internet: Theory and simulations. Journal of Electronic Commerce Research, 1(3): 265-276, 2001
    • (2001) Journal of Electronic Commerce Research , vol.1 , Issue.3 , pp. 265-276
    • Leloup, B.1    Deveaux, L.2
  • 9
    • 0032642848 scopus 로고    scopus 로고
    • Revenue management: Research overview and prospects
    • J.I. Mcgill and G.J. van Ryzin. Revenue management: Research overview and prospects. Transportation Science, 33(2): 233-256, 1999
    • (1999) Transportation Science , vol.33 , Issue.2 , pp. 233-256
    • Mcgill, J.I.1    Van Ryzin, G.J.2
  • 10
    • 0040030247 scopus 로고    scopus 로고
    • E-commerce and operations research in airline planning, marketing, and distribution
    • B.C. Smith, D.P. Gunther, B.V. Rao, and R.M. Ratliff. E-commerce and operations research in airline planning, marketing, and distribution. Interfaces, 31(2), 2001
    • Interfaces , vol.31 , Issue.2 , pp. 2001
    • Smith, B.C.1    Gunther, D.P.2    Rao, B.V.3    Ratliff, R.M.4
  • 12
    • 23044478480 scopus 로고    scopus 로고
    • Customising prices in online markets
    • W.J. Reinartz. Customising prices in online markets. Eur. Business Form 6: 35-41, 2001
    • (2001) Eur. Business Form , vol.6 , pp. 35-41
    • Reinartz, W.J.1
  • 14
    • 0003240094 scopus 로고    scopus 로고
    • Differential pricing and efficiency
    • H. R. Varian. Differential pricing and efficiency. First Monday, 1, 1996
    • (1996) First Monday , pp. 1
    • Varian, H.R.1
  • 15
    • 7444230324 scopus 로고    scopus 로고
    • Online dynamic pricing: Efficiency, equity, and the future of e-commerce
    • R.M. Weiss and A.K. Mehrotra. Online dynamic pricing: Efficiency, equity, and the future of e-commerce. Virginia J. Law and Technol. 11: 1-10, 2001
    • (2001) Virginia J. Law and Technol. , vol.11 , pp. 1-10
    • Weiss, R.M.1    Mehrotra, A.K.2
  • 16
    • 0002734011 scopus 로고
    • The economics of information
    • G. Stigler. The economics of information. J. Polit. Econ., 69: 213-225, 1961
    • (1961) J. Polit. Econ. , vol.69 , pp. 213-225
    • Stigler, G.1
  • 17
    • 0000604783 scopus 로고
    • Equilibrium in product markets with imperfect information
    • J. Stiglitz. Equilibrium in product markets with imperfect information. American Econ. Rev. Proc. 69: 339-345, 1979
    • (1979) American Econ. Rev. Proc. , vol.69 , pp. 339-345
    • Stiglitz, J.1
  • 18
    • 0000878787 scopus 로고
    • A model of sales
    • H. R. Varian. A model of sales. Am. Econ. Rev. pp 651-659, 1980
    • (1980) Am. Econ. Rev. , pp. 651-659
    • Varian, H.R.1
  • 19
    • 0000381850 scopus 로고
    • Price discrimination
    • R. Schmalensee and R. Willig, editors
    • H. R. Varian. Price discrimination. In R. Schmalensee and R. Willig, editors, Handbook of Industrial Organization. 1989
    • (1989) Handbook of Industrial Organization
    • Varian, H.R.1
  • 20
    • 0000561934 scopus 로고
    • The theory of sales: A simple model of equilibrium price dispersion with identical agents
    • S. Salop and J.E. Stiglitz. The theory of sales: A simple model of equilibrium price dispersion with identical agents. Am. Econ. Rev. 72(5): 1121-1130, 1982
    • (1982) Am. Econ. Rev. , vol.72 , Issue.5 , pp. 1121-1130
    • Salop, S.1    Stiglitz, J.E.2
  • 21
    • 0028480132 scopus 로고
    • Optimal dynamic pricing of inventories with stochastic demand over finite horizons
    • G. Gallego and G. van Ryzin. Optimal dynamic pricing of inventories with stochastic demand over finite horizons. Manage. Sci. 40(8): 999-1020, 1994
    • (1994) Manage. Sci. , vol.40 , Issue.8 , pp. 999-1020
    • Gallego, G.1    Van Ryzin, G.2
  • 23
    • 23044515996 scopus 로고    scopus 로고
    • Combinatorial auctions for electronic business
    • Y. Narahari and P. Dayama. Combinatorial auctions for electronic business. Sadhana 30: 2005
    • (2005) Sadhana , vol.30
    • Narahari, Y.1    Dayama, P.2
  • 24
    • 23044448564 scopus 로고    scopus 로고
    • Pricing strategies for information goods
    • S. Viswanathan and G. Anandalingam. Pricing strategies for information goods. Sadhana 30: 2005
    • (2005) Sadhana , vol.30
    • Viswanathan, S.1    Anandalingam, G.2
  • 26
    • 23044510995 scopus 로고    scopus 로고
    • Data mining in e-commerce: A survey
    • N.R.S. Raghavan. Data mining in e-commerce: A survey. Sadhana 30: 2005
    • (2005) Sadhana , vol.30
    • Raghavan, N.R.S.1
  • 27
    • 23044513252 scopus 로고    scopus 로고
    • Monte carlo methods for pricing financial options
    • N. Boliya and S. Juneja. Monte carlo methods for pricing financial options. Sadhana 30: 2005
    • (2005) Sadhana , vol.30
    • Boliya, N.1    Juneja, S.2
  • 28
    • 23044434577 scopus 로고    scopus 로고
    • Perishable inventory management and dynamic pricing using rfid
    • A. Chande, S. Dhekane, N. Hemachandra, and Narayan Rangaraj. Perishable inventory management and dynamic pricing using rfid. Sadhana 30: 2005
    • (2005) Sadhana , vol.30
    • Chande, A.1    Dhekane, S.2    Hemachandra, N.3    Rangaraj, N.4
  • 30
    • 0242708615 scopus 로고    scopus 로고
    • Revenue management and e-commerce
    • October
    • E.A. Boyd and I.C. Bilegan. Revenue management and e-commerce. Manage. Sci. 49(10): 1363-1386, October 2003
    • (2003) Manage. Sci. , vol.49 , Issue.10 , pp. 1363-1386
    • Boyd, E.A.1    Bilegan, I.C.2
  • 31
    • 10344253251 scopus 로고    scopus 로고
    • Lean machine: How Dell finetunes its pc pricing to gain edge in slow market
    • June 8
    • G. McWilliams. Lean machine: How Dell finetunes its pc pricing to gain edge in slow market. Wall Street Journal, June 8, 2001
    • (2001) Wall Street Journal
    • McWilliams, G.1
  • 32
    • 0242706244 scopus 로고    scopus 로고
    • The power of smart pricing
    • April 10
    • P. Coy. The power of smart pricing. Business Week, April 10 2000
    • (2000) Business Week
    • Coy, P.1
  • 36
    • 0032674986 scopus 로고    scopus 로고
    • Combined pricing and inventory control under uncertainty
    • A. Federgruen and A. Heching. Combined pricing and inventory control under uncertainty. Oper. Res. 47: 454-475, 1999
    • (1999) Oper. Res. , vol.47 , pp. 454-475
    • Federgruen, A.1    Heching, A.2
  • 37
    • 3042667750 scopus 로고    scopus 로고
    • Pricing and replenishment strategies in a distribution system with competing retailers
    • May-June
    • F. Bernstein and A. Federgruen. Pricing and replenishment strategies in a distribution system with competing retailers. Oper. Res., 51: 409-426, May-June 2003
    • (2003) Oper. Res. , vol.51 , pp. 409-426
    • Bernstein, F.1    Federgruen, A.2
  • 38
    • 13844253971 scopus 로고    scopus 로고
    • Decentralized supply chains with competing retailers under demand uncertainty
    • to appear
    • F. Bernstein and A. Federgruen. Decentralized supply chains with competing retailers under demand uncertainty. Manage. Sci. (to appear), 2005
    • (2005) Manage. Sci.
    • Bernstein, F.1    Federgruen, A.2
  • 40
    • 23044435833 scopus 로고    scopus 로고
    • Dynamic pricing and the direct-to-customer model in the automotive industry
    • to appear
    • S Biller, L. M. A. Chan, D. Simchi-Levi, and J. Swann. Dynamic pricing and the direct-to-customer model in the automotive industry. Electron Commerce J. (to appear), 2005
    • (2005) Electron Commerce J.
    • Biller, S.1    Chan, L.M.A.2    Simchi-Levi, D.3    Swann, J.4
  • 42
  • 43
    • 55449125812 scopus 로고    scopus 로고
    • Letter to share owners
    • General Electric Corporation. Letter to share owners. GE Annual Report, 2000
    • (2000) GE Annual Report
  • 45
    • 0037246930 scopus 로고    scopus 로고
    • Combinatorial and quantity discount procurement auctions provide benefits to mars, incorporated and to its suppliers
    • G Hohner, J Rich, Ed Ng, Grant Reid, A J Davenport, J R Kalagnanam, S H Lee, and C An. Combinatorial and quantity discount procurement auctions provide benefits to mars, incorporated and to its suppliers. Interfaces, 33(1): 23-35, 2003
    • (2003) Interfaces , vol.33 , Issue.1 , pp. 23-35
    • Hohner, G.1    Rich, J.2    Ng, E.3    Reid, G.4    Davenport, A.J.5    Kalagnanam, J.R.6    Lee, S.H.7    An, C.8
  • 46
    • 0036762156 scopus 로고    scopus 로고
    • The first use of a combined value auction for transportation services
    • J.O. Ledyard, M. Olson, D. Porter, J.A. Swanson, and D.P Torma. The first use of a combined value auction for transportation services. Interfaces, 32(5): 4-12, 2002
    • (2002) Interfaces , vol.32 , Issue.5 , pp. 4-12
    • Ledyard, J.O.1    Olson, M.2    Porter, D.3    Swanson, J.A.4    Torma, D.P.5
  • 48
    • 0002566132 scopus 로고
    • Auctions and bidding: A primer
    • P. Milgrom. Auctions and bidding: a primer. J. Econ. Perspect. 3(3): 3-22, 1989
    • (1989) J. Econ. Perspect. , vol.3 , Issue.3 , pp. 3-22
    • Milgrom, P.1
  • 49
    • 0032804976 scopus 로고    scopus 로고
    • Auction theory: A guide to the literature
    • Paul Klemperer. Auction theory: A guide to the literature. J. Econ. Surv. pages 227-286, 1999
    • (1999) J. Econ. Surv. , pp. 227-286
    • Klemperer, P.1
  • 50
    • 0002564950 scopus 로고
    • Auctions: A survey of experimental research
    • Princeton: University Press
    • J.H. Kagel. Auctions: A survey of experimental research. In The handbook of experimental economics (Princeton: University Press) p 501-587 1995
    • (1995) The Handbook of Experimental Economics , pp. 501-587
    • Kagel, J.H.1
  • 52
    • 0000914216 scopus 로고    scopus 로고
    • Auctions: An introduction
    • E. Wolfstetter. Auctions: An introduction. Econ. Surv. 10: 367-421, 1996
    • (1996) Econ. Surv. , vol.10 , pp. 367-421
    • Wolfstetter, E.1
  • 54
    • 0141495795 scopus 로고    scopus 로고
    • New York: Academic Press
    • Vijay Krishna. Auction theory. New York: Academic Press, 2002
    • (2002) Auction Theory
    • Krishna, V.1
  • 56
    • 23044503942 scopus 로고    scopus 로고
    • Report-Department of Economics, University of Maryland, College Park, Maryland, USA
    • Peter Cramton, Yoav Shoham, and Richard Steinberg. Combinatorial auctions. Report-Department of Economics, University of Maryland, College Park, Maryland, USA, 2004
    • (2004) Combinatorial Auctions
    • Cramton, P.1    Shoham, Y.2    Steinberg, R.3
  • 57
    • 0036554070 scopus 로고    scopus 로고
    • Internet pricing with a game theoretic approach: Concepts and examples
    • April
    • X. Cao, H. Shen, R. Milito, and P. Wirth. Internet pricing with a game theoretic approach: concepts and examples. IEEE/ACM Trans. Networking, 10(2): 208-216, April 2002
    • (2002) IEEE/ACM Trans. Networking , vol.10 , Issue.2 , pp. 208-216
    • Cao, X.1    Shen, H.2    Milito, R.3    Wirth, P.4
  • 58
    • 25844520833 scopus 로고    scopus 로고
    • Pricing of differentiated internet services
    • New York: IEEE Commun. Soc.
    • L. He and J. Walrand. Pricing of differentiated internet services. In Proc. INFOCOM-2005 (New York: IEEE Commun. Soc.) 2005
    • (2005) Proc. INFOCOM-2005
    • He, L.1    Walrand, J.2
  • 59
    • 0033314221 scopus 로고    scopus 로고
    • Network pricing with a game theoretic approach
    • CDC-1999 (New York: ACM Press)
    • R.J. La and V. Anantharam. Network pricing with a game theoretic approach. In Proc. IEEE Conf. on Decision and Control, CDC-1999 (New York: ACM Press) p 4008-4013, 1999
    • (1999) Proc. IEEE Conf. on Decision and Control , pp. 4008-4013
    • La, R.J.1    Anantharam, V.2
  • 60
    • 0034297879 scopus 로고    scopus 로고
    • A game theoretic framework for bandwidth allocation and pricing in broadband networks
    • October
    • H. Yaiche, R.R. Mazumdar, and C. Rosenberg. A game theoretic framework for bandwidth allocation and pricing in broadband networks. IEEE/ACM Trans. Networking, 8(5): 667-678, October 2000
    • (2000) IEEE/ACM Trans. Networking , vol.8 , Issue.5 , pp. 667-678
    • Yaiche, H.1    Mazumdar, R.R.2    Rosenberg, C.3
  • 62
    • 0038344813 scopus 로고    scopus 로고
    • Adaptive strategies for price markdown in a multi-unit descending price auction: A comparative study
    • M. Gupta, K. Ravikumar, and M. Kumar. Adaptive strategies for price markdown in a multi-unit descending price auction: A comparative study. In Proc. IEEE Conf. Systems, Man, and Cybernetics, p 373-378, 2002
    • (2002) Proc. IEEE Conf. Systems, Man, and Cybernetics , pp. 373-378
    • Gupta, M.1    Ravikumar, K.2    Kumar, M.3
  • 64
    • 0001058483 scopus 로고
    • A two-armed bandit theory of market pricing
    • M. Rothschild. A two-armed bandit theory of market pricing. J. Econ. Theor. 9: 185-202, 1974
    • (1974) J. Econ. Theor. , vol.9 , pp. 185-202
    • Rothschild, M.1
  • 65
    • 23044498561 scopus 로고    scopus 로고
    • Technical report, Doctoral Dissertation, Department of Computer Science and Automation, Indian Institute of Science, Bangalore, March
    • C. V. L. Raju. Learning dynamic prices in electronic markets. Technical report, Doctoral Dissertation, Department of Computer Science and Automation, Indian Institute of Science, Bangalore, http://lcm.csa.iisc.ernet.in, March 2004
    • (2004) Learning Dynamic Prices in Electronic Markets
    • Raju, C.V.L.1
  • 67
    • 23044489294 scopus 로고    scopus 로고
    • Learning dynamic prices in electronic markets with customer segmentation
    • C. V. L. Raju, Y Narahari, and K. Ravikumar. Learning dynamic prices in electronic markets with customer segmentation. Ann. Oper. Res. 22: 2005
    • (2005) Ann. Oper. Res. , vol.22
    • Raju, C.V.L.1    Narahari, Y.2    Ravikumar, K.3
  • 68
    • 23044470761 scopus 로고    scopus 로고
    • Applications of reinforcement learning to dynamic pricing of retail markets
    • Los Alanitos, CA: IEEE Comput. Soc.
    • C. V. L. Raju, Y. Narahari, and K. Ravi Kumar. Applications of reinforcement learning to dynamic pricing of retail markets. In Proc. IEEE Conf. on Electronic Commerce, CEC-03 (Los Alanitos, CA: IEEE Comput. Soc.) 2003
    • (2003) Proc. IEEE Conf. on Electronic Commerce, CEC-03
    • Raju, C.V.L.1    Narahari, Y.2    Ravi Kumar, K.3
  • 70
    • 0343893613 scopus 로고    scopus 로고
    • Actor-critic type learning algorithms for markov decision processes
    • V. R. Konda and V. S. Borkar. Actor-critic type learning algorithms for markov decision processes. SIAM J. Control and Opt., 38: 94-123, 1999
    • (1999) SIAM J. Control and Opt. , vol.38 , pp. 94-123
    • Konda, V.R.1    Borkar, V.S.2
  • 73
    • 0012826632 scopus 로고    scopus 로고
    • Pseudo-convergent Q-learning by competitive pricebots
    • San Francisco, CA: Morgan Kaufmann
    • J. O. Kephart and G. J. Tesauro. Pseudo-convergent Q-learning by competitive pricebots. In Proc. 17th Int. Conf. on Machine Learning (San Francisco, CA: Morgan Kaufmann) pages 463-470, 2000
    • (2000) Proc. 17th Int. Conf. on Machine Learning , pp. 463-470
    • Kephart, J.O.1    Tesauro, G.J.2
  • 74
    • 84957011065 scopus 로고    scopus 로고
    • Dynamic pricing with limited competitor information in a multi-agent economy
    • London: Springer Verlag
    • P. Dasgupta and R. Das. Dynamic pricing with limited competitor information in a multi-agent economy. In Conf. on Cooperative Information Systems (London: Springer Verlag) p 299-310, 2000
    • (2000) Conf. on Cooperative Information Systems , pp. 299-310
    • Dasgupta, P.1    Das, R.2
  • 75
    • 23044479760 scopus 로고    scopus 로고
    • Learning dynamic prices in multi-seller electronic retail markets with price sensitive customers, stochastic demands, and inventory replenishments
    • to appear
    • C.V.L Raju, Y Narahari, and K. Ravikumar. Learning dynamic prices in multi-seller electronic retail markets with price sensitive customers, stochastic demands, and inventory replenishments. IEEE Trans. Systems, Man, Cybern.: Part C (to appear), 2005
    • (2005) IEEE Trans. Systems, Man, Cybern.: Part C
    • Raju, C.V.L.1    Narahari, Y.2    Ravikumar, K.3
  • 76
    • 84962045565 scopus 로고    scopus 로고
    • Multi-agent q-learning and regression trees for automated pricing decisions
    • San Francisco, CA: Morgan Kaufmann
    • M. Sridharan and G. J. Tesauro. Multi-agent q-learning and regression trees for automated pricing decisions. In Proc. 17th Int. Conf. on Machine Learning (San Francisco, CA: Morgan Kaufmann) 2000
    • (2000) Proc. 17th Int. Conf. on Machine Learning
    • Sridharan, M.1    Tesauro, G.J.2
  • 80
    • 0036346130 scopus 로고    scopus 로고
    • Differential join prices for parallel queues: Social optimality, dynamic pricing algorithms and application to internet pricing
    • New York: IEEE Comput. Commun. Soc.
    • P. Dube, V. S. Borkar, and D. Manjunath. Differential join prices for parallel queues: Social optimality, dynamic pricing algorithms and application to internet pricing. In Proc. INFOCOM-2002 (New York: IEEE Comput. Commun. Soc.) 2002
    • (2002) Proc. INFOCOM-2002
    • Dube, P.1    Borkar, V.S.2    Manjunath, D.3
  • 81
    • 0004253213 scopus 로고    scopus 로고
    • Mc-Graw Hill Higher Education, Second Edition
    • W.J. Hopp and M.L. Spearman. Factory physics. Mc-Graw Hill Higher Education, Second Edition, 2000
    • (2000) Factory Physics
    • Hopp, W.J.1    Spearman, M.L.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.