Firms increasingly deploy algorithmic pricing approaches to determine what to charge for their goods and services. Algorithmic pricing can discriminate prices both dynamically over …
M Chen, ZL Chen - Production and Operations Management, 2015 - journals.sagepub.com
Dynamic pricing enables a firm to increase revenue by better matching supply with demand, responding to shifting demand patterns, and achieving customer segmentation. In the last 20 …
Y Yang, YC Lee, PA Chen - Production and Operations …, 2024 - journals.sagepub.com
We consider a periodical equilibrium pricing problem for multiple firms over a planning horizon of T periods. At each period, firms set their selling prices and receive stochastic …
M Chen, ZL Chen - Manufacturing & Service Operations …, 2018 - pubsonline.informs.org
We consider a practical dynamic pricing problem with two substitutable products involving a number of business rules commonly seen in practice. Demand substitution exists between …
Retailers, from fashion stores to grocery stores, have to decide what range of products to offer, ie, their product assortment. Frequent introduction of new products, a recent business …
A decision maker (DM) must choose an action in order to maximize a reward function that depends on the DM's action as well as on an unknown parameter Θ. The DM can delay …
A Seitz, H Ehm, R Akkerman, S Osman - Journal of Revenue and Pricing …, 2016 - Springer
High demand uncertainties, long production lead times, and short product life cycles cause high risks for supply chain planning in the semiconductor industry. These affect all industries …
Dynamic pricing of new products has been extensively studied in monopolistic and oligopolistic markets. But, the optimal control and differential game tools used to investigate …
Y Yang, YC Lee, PA Chen - arXiv preprint arXiv:2008.05195, 2020 - datascienceassn.org
Dynamic pricing is used to maximize the revenue of a firm over a finite-period planning horizon, given that the firm may not know the underlying demand curve a priori. In emerging …