Matches in SemOpenAlex for { <https://semopenalex.org/work/W2054303509> ?p ?o ?g. }
- W2054303509 endingPage "91" @default.
- W2054303509 startingPage "73" @default.
- W2054303509 abstract "The dynamic pricing problem concerns the determination of selling prices over time for a product whose demand is random and whose supply is fixed. We approach this problem in a novel way by formulating a dynamic optimization model in which the demand function is isoelastic but the random demand process is quite general. Ultimately, what we find is a strong parallel between the dynamic pricing problem and dynamic inventory models. This parallel leads to a reinterpretation of the dynamic pricing problem as a price-setting newsvendor problem with recourse, which is useful not only because it yields insights into the optimal solution, but also because it leads to additional insights into how pricing recourse affects the actions and profits of a price-setting newsvendor. We make contributions in three areas: First, we develop structural properties that define an optimal pricing strategy over a finite horizon and investigate how that policy impacts a newsvendor's optimal procurement policy and optimal expected profit. Second, we establish a practical and efficient algorithm for computing the optimal prices. Third, we examine how market parameters affect the optimal solution through a series of numerical experiments that utilize the algorithm." @default.
- W2054303509 created "2016-06-24" @default.
- W2054303509 creator A5055600469 @default.
- W2054303509 creator A5066238486 @default.
- W2054303509 creator A5069833874 @default.
- W2054303509 date "2004-01-01" @default.
- W2054303509 modified "2023-10-14" @default.
- W2054303509 title "The Dynamic Pricing Problem from a Newsvendor's Perspective" @default.
- W2054303509 cites W1756643235 @default.
- W2054303509 cites W1973414686 @default.
- W2054303509 cites W1979375151 @default.
- W2054303509 cites W1989897936 @default.
- W2054303509 cites W1991897519 @default.
- W2054303509 cites W2011913854 @default.
- W2054303509 cites W2021267936 @default.
- W2054303509 cites W2035518103 @default.
- W2054303509 cites W2046102920 @default.
- W2054303509 cites W2057337671 @default.
- W2054303509 cites W2061494965 @default.
- W2054303509 cites W2065313083 @default.
- W2054303509 cites W2069855826 @default.
- W2054303509 cites W2085817312 @default.
- W2054303509 cites W2087506520 @default.
- W2054303509 cites W2114532089 @default.
- W2054303509 cites W2130822217 @default.
- W2054303509 cites W2135387426 @default.
- W2054303509 cites W2136768128 @default.
- W2054303509 cites W2148032167 @default.
- W2054303509 cites W2150301948 @default.
- W2054303509 cites W2157672420 @default.
- W2054303509 cites W2160657294 @default.
- W2054303509 cites W2169927262 @default.
- W2054303509 cites W2172265656 @default.
- W2054303509 cites W4236830678 @default.
- W2054303509 cites W4239107213 @default.
- W2054303509 cites W4244736799 @default.
- W2054303509 cites W4252934473 @default.
- W2054303509 doi "https://doi.org/10.1287/msom.1030.0026" @default.
- W2054303509 hasPublicationYear "2004" @default.
- W2054303509 type Work @default.
- W2054303509 sameAs 2054303509 @default.
- W2054303509 citedByCount "114" @default.
- W2054303509 countsByYear W20543035092012 @default.
- W2054303509 countsByYear W20543035092013 @default.
- W2054303509 countsByYear W20543035092014 @default.
- W2054303509 countsByYear W20543035092015 @default.
- W2054303509 countsByYear W20543035092016 @default.
- W2054303509 countsByYear W20543035092017 @default.
- W2054303509 countsByYear W20543035092018 @default.
- W2054303509 countsByYear W20543035092019 @default.
- W2054303509 countsByYear W20543035092020 @default.
- W2054303509 countsByYear W20543035092022 @default.
- W2054303509 countsByYear W20543035092023 @default.
- W2054303509 crossrefType "journal-article" @default.
- W2054303509 hasAuthorship W2054303509A5055600469 @default.
- W2054303509 hasAuthorship W2054303509A5066238486 @default.
- W2054303509 hasAuthorship W2054303509A5069833874 @default.
- W2054303509 hasConcept C108713360 @default.
- W2054303509 hasConcept C126255220 @default.
- W2054303509 hasConcept C137836250 @default.
- W2054303509 hasConcept C144133560 @default.
- W2054303509 hasConcept C162324750 @default.
- W2054303509 hasConcept C162853370 @default.
- W2054303509 hasConcept C175444787 @default.
- W2054303509 hasConcept C181622380 @default.
- W2054303509 hasConcept C2779391423 @default.
- W2054303509 hasConcept C33923547 @default.
- W2054303509 hasConcept C36181114 @default.
- W2054303509 hasConcept C37404715 @default.
- W2054303509 hasConcept C41008148 @default.
- W2054303509 hasConceptScore W2054303509C108713360 @default.
- W2054303509 hasConceptScore W2054303509C126255220 @default.
- W2054303509 hasConceptScore W2054303509C137836250 @default.
- W2054303509 hasConceptScore W2054303509C144133560 @default.
- W2054303509 hasConceptScore W2054303509C162324750 @default.
- W2054303509 hasConceptScore W2054303509C162853370 @default.
- W2054303509 hasConceptScore W2054303509C175444787 @default.
- W2054303509 hasConceptScore W2054303509C181622380 @default.
- W2054303509 hasConceptScore W2054303509C2779391423 @default.
- W2054303509 hasConceptScore W2054303509C33923547 @default.
- W2054303509 hasConceptScore W2054303509C36181114 @default.
- W2054303509 hasConceptScore W2054303509C37404715 @default.
- W2054303509 hasConceptScore W2054303509C41008148 @default.
- W2054303509 hasIssue "1" @default.
- W2054303509 hasLocation W20543035091 @default.
- W2054303509 hasOpenAccess W2054303509 @default.
- W2054303509 hasPrimaryLocation W20543035091 @default.
- W2054303509 hasRelatedWork W1534878884 @default.
- W2054303509 hasRelatedWork W2010352355 @default.
- W2054303509 hasRelatedWork W2165407100 @default.
- W2054303509 hasRelatedWork W2313558945 @default.
- W2054303509 hasRelatedWork W2613212636 @default.
- W2054303509 hasRelatedWork W2620623683 @default.
- W2054303509 hasRelatedWork W2766802448 @default.
- W2054303509 hasRelatedWork W2899084033 @default.
- W2054303509 hasRelatedWork W3122481920 @default.
- W2054303509 hasRelatedWork W613831507 @default.
- W2054303509 hasVolume "6" @default.