Dynamic Pricing and Learning with Finite Inventories

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Boer, den, A.V.; Zwart, B.;
  • Publisher: I.N.F.O.R.M.S.
  • Subject: Marketing | Dynamic programming | Finite state | Markov | Stochastic | Inventory/production | Uncertainty | Pricing
    acm: TheoryofComputation_MISCELLANEOUS

We study a dynamic pricing problem with finite inventory and parametric uncertainty on the demand distribution. Products are sold during selling seasons of finite length, and inventory that is unsold at the end of a selling season, perishes. The goal of the seller is to... View more
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