Dynamic pricing via dynamic programming

Journal of Optimization Theory and Applications

Volumn 127, Issue 3, 2005, Pages 565-577

  Fan, Y Y ^a   Bhargava, H K ^b   Natsuyama, H H ^c  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b UNIVERSITY OF CALIFORNIA   (United States)

^c CALIFORNIA STATE UNIVERSITY   (United States)

Author keywords

Dynamic pricing; Dynamic programming; Optimal control

Indexed keywords

COSTS; ECONOMICS; ELASTICITY; FUNCTIONS; INITIAL VALUE PROBLEMS;

'CURRENT; DEMAND ELASTICITIES; DETERMINISTICS; DYNAMIC PRICE; DYNAMIC PRICING; EFFICIENT NUMERICAL SCHEMES; MARKET POTENTIAL; MONOPOLISTICS; OPTIMAL CONTROLS; OPTIMAL DYNAMICS;

DYNAMIC PROGRAMMING;

EID: 29144450982     PISSN: 00223239     EISSN: 15732878     Source Type: Journal    
DOI: 10.1007/s10957-005-7503-z     Document Type: Article

References (13)

1. ROBINSON, B., and LAKHANI, C., Dynamic Price Models for New-Product Planning, Management Science, Vol. 21, pp. 1113-1122, 1975.
2. DOCKNER, E. J., and JORGENSEN, S., Optimal Pricing Strategies for New Products in Dynamic Oligopolies, Marketing Science, Vol. 7, pp. 315-334, 1988.
3. JORGENSEN, S., Optimal Dynamic Pricing in an Oligopolistic Market: A Survey, Lecture Notes in Economics and Mathematical Systems, Vol. 265, pp. 179-237, 1986.
4. DOCKNER, E. J., and FRUCHTER, G. E., Dynamic Strategic Pricing and Speed of Diffusion, Journal of Optimization Theory and Applications, Vol. 123, pp. 331-348, 2004.
5. KALISH, S., A New Product Adoption Model with Price, Advertising, and Uncertainty, Management Science, Vol. 31, pp. 1569-1585, 1985.
6. RAMAN, K., and CHATTERJEE, R., Optimal Monopolist Pricing under Demand Uncertainty in Dynamic Markets, Management Science, Vol. 41, pp. 144-162, 1995.
7. KALISH, S., Monopolist Pricing with Dynamic Demand and Production Cost, Marketing Science, Vol. 2, pp. 135-159, 1983.
8. RAO, V. R., Pricing Research in Marketing: The State of the Art, Journal of Business, Vol. 57, pp. 39-60, 1984.
9. KRISHNAN, T. V., BASS, F. M., and JAIN, D. C., Optimal Pricing Strategies for New Products, Management Science, Vol. 45, pp. 1650-1663, 1999.
10. BELLMAN, R. E., and KALABA, R. E., Quasilinearization and Nonlinear Boundary-Value Problems. American Elsevier, New York, NY, 1965.
11. BELLMAN, R. E., and KALABA, R. E., Dynamic Programming and Modern Control Theory, McGraw-Hill, New York, NY, 1965.
12. BASS, F. M., The Relationship between Diffusion Rates, Experience Curve, and Demand Elasticities for Consumer Durable Technological Innovations, Journal of Business, Vol. 53, pp. 51-67, 1980.
13. BASS, F. M., and BULTEZ, A. V., A Note on Optimal Strategic Pricing of Technological Innovations, Marketing Science, Vol. 1, pp. 371-378, 1982.