Dynamic Pricing in a Competitive Environment
Name
HPCES007.pdf
Size
609.13 KB
Format
Adobe PDF
Checksum (MD5)
7d5d6a266daf7f8c9bd703ba04ca8f08
Author(s)
Perakis, Georgia
Sood, Anshul
Date Issued
January 2002
Series/Report no.
High Performance Computation for Engineered Systems (HPCES);
Abstract
We present a dynamic optimization approach for perishable products in a competitive and dynamically changing market. We build a general optimization framework that ties together the competetive and the dynamic nature of pricing. This approach also allows differential pricing for large customers as well as demand learning for the seller. We analyze special cases of the model and illustrate the policies numerically.
Subjects
pricing
competition
dynamic programming
Persistent DSpace Link
