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Dynamic pricing with real-time demand learning

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  • Lin, Kyle Y.

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  • Lin, Kyle Y., 2006. "Dynamic pricing with real-time demand learning," European Journal of Operational Research, Elsevier, vol. 174(1), pages 522-538, October.
  • Handle: RePEc:eee:ejores:v:174:y:2006:i:1:p:522-538
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    References listed on IDEAS

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    1. William S. Lovejoy, 1990. "Myopic Policies for Some Inventory Models with Uncertain Demand Distributions," Management Science, INFORMS, vol. 36(6), pages 724-738, June.
    2. Katy S. Azoury, 1985. "Bayes Solution to Dynamic Inventory Models Under Unknown Demand Distribution," Management Science, INFORMS, vol. 31(9), pages 1150-1160, September.
    3. Ladany, Shaul P. & Arbel, Avner, 1991. "Optimal cruise-liner passenger cabin pricing policy," European Journal of Operational Research, Elsevier, vol. 55(2), pages 136-147, November.
    4. Guillermo Gallego & Garrett van Ryzin, 1994. "Optimal Dynamic Pricing of Inventories with Stochastic Demand over Finite Horizons," Management Science, INFORMS, vol. 40(8), pages 999-1020, August.
    5. Martin A. Lariviere & Evan L. Porteus, 1999. "Stalking Information: Bayesian Inventory Management with Unobserved Lost Sales," Management Science, INFORMS, vol. 45(3), pages 346-363, March.
    6. Balvers, Ronald J & Cosimano, Thomas F, 1990. "Actively Learning about Demand and the Dynamics of Price Adjustment," Economic Journal, Royal Economic Society, vol. 100(402), pages 882-898, September.
    7. Chatwin, Richard E., 2000. "Optimal dynamic pricing of perishable products with stochastic demand and a finite set of prices," European Journal of Operational Research, Elsevier, vol. 125(1), pages 149-174, August.
    8. Youyi Feng & Baichun Xiao, 2000. "A Continuous-Time Yield Management Model with Multiple Prices and Reversible Price Changes," Management Science, INFORMS, vol. 46(5), pages 644-657, May.
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    Citations

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    Cited by:

    1. Vivek F. Farias & Benjamin Van Roy, 2010. "Dynamic Pricing with a Prior on Market Response," Operations Research, INFORMS, vol. 58(1), pages 16-29, February.
    2. Ehtamo, Harri & Berg, Kimmo & Kitti, Mitri, 2010. "An adjustment scheme for nonlinear pricing problem with two buyers," European Journal of Operational Research, Elsevier, vol. 201(1), pages 259-266, February.
    3. repec:eee:proeco:v:206:y:2018:i:c:p:196-208 is not listed on IDEAS
    4. den Boer, Arnoud V., 2015. "Tracking the market: Dynamic pricing and learning in a changing environment," European Journal of Operational Research, Elsevier, vol. 247(3), pages 914-927.
    5. Kimmo Berg & Harri Ehtamo, 2012. "Continuous learning methods in two-buyer pricing problem," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 75(3), pages 287-304, June.
    6. Diego Escobari, 2012. "Dynamic Pricing, Advance Sales and Aggregate Demand Learning in Airlines," Journal of Industrial Economics, Wiley Blackwell, vol. 60(4), pages 697-724, December.
    7. repec:eee:proeco:v:207:y:2019:i:c:p:34-55 is not listed on IDEAS
    8. Arnoud V. den Boer & Bert Zwart, 2014. "Simultaneously Learning and Optimizing Using Controlled Variance Pricing," Management Science, INFORMS, vol. 60(3), pages 770-783, March.
    9. repec:spr:compst:v:75:y:2012:i:3:p:287-304 is not listed on IDEAS
    10. Zhou, Zhefang & Li, Yanjun & Tang, Kwei, 2009. "Dynamic pricing and warranty policies for products with fixed lifetime," European Journal of Operational Research, Elsevier, vol. 196(3), pages 940-948, August.
    11. Kwon, Changhyun & Friesz, Terry L. & Mookherjee, Reetabrata & Yao, Tao & Feng, Baichun, 2009. "Non-cooperative competition among revenue maximizing service providers with demand learning," European Journal of Operational Research, Elsevier, vol. 197(3), pages 981-996, September.
    12. Tatsiana Levina & Yuri Levin & Jeff McGill & Mikhail Nediak, 2009. "Dynamic Pricing with Online Learning and Strategic Consumers: An Application of the Aggregating Algorithm," Operations Research, INFORMS, vol. 57(2), pages 327-341, April.
    13. Rana, Rupal & Oliveira, Fernando S., 2014. "Real-time dynamic pricing in a non-stationary environment using model-free reinforcement learning," Omega, Elsevier, vol. 47(C), pages 116-126.
    14. Bin Qiao & Shenle Pan & Eric Ballot, 2016. "Less-than-truckload Dynamic Pricing Model in Physical Internet," Post-Print hal-01326416, HAL.
    15. Andrew E. B. Lim & J. George Shanthikumar, 2007. "Relative Entropy, Exponential Utility, and Robust Dynamic Pricing," Operations Research, INFORMS, vol. 55(2), pages 198-214, April.
    16. Bin Qiao & Shenle Pan & Eric Ballot, 0. "Dynamic pricing model for less-than-truckload carriers in the Physical Internet," Journal of Intelligent Manufacturing, Springer, vol. 0, pages 1-13.

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