Dynamic pricing with a prior on market response

Operations Research

Volumn 58, Issue 1, 2010, Pages 16-29

  Farias, Vivek F ^a   Van Roy, Benjamin ^b  

^a MASSACHUSETTS INSTITUTE OF TECHNOLOGY   (United States)

^b STANFORD UNIVERSITY   (United States)

Author keywords

Demand learning; Dynamic pricing; Revenue management

Indexed keywords

ARRIVAL RATES; CERTAINTY EQUIVALENT; COMPUTATIONAL RESULTS; CUSTOMER SEGMENTS; DEMAND LEARNING; DISTRIBUTED RESERVATION; DYNAMIC PRICING; FUTURE OBSERVATIONS; GREEDY HEURISTICS; HEURISTIC APPROACH; INFINITE TIME HORIZON; MARKET RESPONSE; PERFORMANCE LOSS; POISSON PROCESS; RESERVATION PRICE; REVENUE GAINS; REVENUE MANAGEMENT;

COSTS; CUSTOMER SATISFACTION; DYNAMIC RESPONSE; HEURISTIC METHODS; MANAGEMENT; POISSON DISTRIBUTION; SALES;

ECONOMICS;

EID: 77249163740     PISSN: 0030364X     EISSN: 15265463     Source Type: Journal    
DOI: 10.1287/opre.1090.0729     Document Type: Article

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