Dynamic Pricing through Sampling Based Optimization

In this paper we develop an approach to dynamic pricing that combines ideas from data-driven and robust optimization to address the uncertain and dynamic aspects of the problem. In our setting, a firm off ers multiple products to be sold over a fixed discrete time horizon. Each product sold consum...

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Bibliographic Details
Main Authors: Lobel, Ruben, Perakis, Georgia
Other Authors: Massachusetts Institute of Technology. Operations Research Center
Format: Article
Language:en_US
Published: Airline Group of the International Federation of Operational Research Societies 2014
Online Access:http://hdl.handle.net/1721.1/88129
https://orcid.org/0000-0002-0888-9030