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Dynamic pricing and inventory management with demand learning: A bayesian approach
We consider a retail firm selling a durable product in a volatile market where the demand is price-sensitive and random but its distribution is unknown. The firm dynamically replenishes inventory and adjusts prices over time and learns about the demand distribution. Assuming that the demand model is...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Elsevier Ltd.
2020
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7434394/ https://www.ncbi.nlm.nih.gov/pubmed/32836690 http://dx.doi.org/10.1016/j.cor.2020.105078 |