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- W2385890366 abstract "With the development of Internet,more and more firms adopt dynamic pricing as a valid method to maximize their profit,especially,when the demand is uncertainty.But on the other hand,the consumers become cleverer than before.Customers behave strategically and weigh their payoff of immediate purchase against the expected payoff of delaying their purchases.In this paper,we use the Stackelberg model and the theory of mechanism design,consider how a monopoly firm should choose his inventory and optimal price under the strategetic customer in a monoply market.we see that via its capacity choice,the firm is able to control the fill rate and hence the rationing risk faced by customers to gain larger profit." @default.
- W2385890366 created "2016-06-24" @default.
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- W2385890366 date "2009-01-01" @default.
- W2385890366 modified "2023-09-23" @default.
- W2385890366 title "Optimal dynamic pricing and inventory policy under strategic customers" @default.
- W2385890366 hasPublicationYear "2009" @default.
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