Periodic Pricing of Seasonal Products in Retailing

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Gabriel R. Bitran; Susana V. Mondschein;
  • Journal: Management Science,volume 43,issue 1 January,pages64-79
  • Related identifiers: doi: 10.1287/mnsc.43.1.64
  • Subject: dynamic pricing, retailing, stochastic models, dynamic programming

This paper studies intertemporal pricing policies when selling seasonal products in retail stores. We first present a continuous time model where a seller faces a stochastic arrival of customers with different valuations of the product. For this model, we characterize t... View more
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