Optimal dynamic pricing of inventories with stochastic demand and discounted criterion

European Journal of Operational Research

Volumn 217, Issue 3, 2012, Pages 580-588

  Cao, Ping ^a   Li, Jianbin ^b   Yan, Hong ^c  

^a CHINESE ACADEMY OF SCIENCES   (China)

^b HUAZHONG UNIVERSITY OF SCIENCE AND TECHNOLOGY   (China)

^c HONG KONG POLYTECHNIC UNIVERSITY   (Hong Kong)

Author keywords

Discounted criterion; HJB equation; Optimal pricing; Revenue management

Indexed keywords

ANALYTICAL RESULTS; CONTINUOUS-TIME DYNAMICS; DISCOUNT RATES; DISCOUNTED CRITERIA; HAMILTON-JACOBI-BELLMAN EQUATIONS; HJB EQUATIONS; INFINITE TIME HORIZON; NON-HOMOGENEOUS POISSON PROCESS; NUMERICAL EXAMPLE; OPTIMAL DYNAMIC PRICING; PRICE POLICY; PRICE SENSITIVE; REVENUE FUNCTION; REVENUE MANAGEMENT; STOCHASTIC DEMAND; TIME VARYING DEMAND;

COMMERCE; COSTS; OPTIMIZATION; POISSON DISTRIBUTION;

ECONOMICS;

EID: 81855201856     PISSN: 03772217     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ejor.2011.09.048     Document Type: Article

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