Real-time dynamic Pricing for multiproduct models with time-dependent customer arrival rates

In this article, we study the revenue management problem of multiproduct dynamic pricing in the retail industry. Given a fixed initial inventory and assortment, the retailer monitors the inventory and sets the price to affect the behavior of customer choices over a selling season. We consider the Mu...

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Bibliographic Details
Published in:	2009 American Control Conference pp. 2196 - 2201
Main Authors:	Jr-Shin Li, Shuo Chen
Format:	Conference Proceeding
Language:	English
Published:	IEEE 01.06.2009
Subjects:	Conference management Demand forecasting Dynamic programming Industrial control Inventory control Inventory management Optimal control Pricing Robustness Stochastic processes
ISBN:	142444523X, 9781424445233
ISSN:	0743-1619
Online Access:	Get full text
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