Online Pricing with Offline Data: Phase Transition and Inverse Square Law

<jats:p> This paper investigates the impact of pre-existing offline data on online learning in the context of dynamic pricing. We study a single-product dynamic pricing problem over a selling horizon of T periods. The demand in each period is determined by the price of the product according to...

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Bibliographic Details
Main Authors: Bu, Jinzhi, Simchi-Levi, David, Xu, Yunzong
Other Authors: Massachusetts Institute of Technology. Department of Civil and Environmental Engineering
Format: Article
Language:English
Published: Institute for Operations Research and the Management Sciences (INFORMS) 2023
Online Access:https://hdl.handle.net/1721.1/148642