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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...

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Detalles Bibliográficos
Autores principales: Liu, Jue, Pang, Zhan, Qi, Linggang
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Ltd. 2020
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