Dynamic Pricing with Continuous Stochastic Demand

被引：0

作者：

Wang, Yongqiang ^{[1
]}

Fu, Michael C. ^{[2
]}

Marcus, Steven I. ^{[1
]}

机构：

[1] Univ Maryland, Syst Res Inst, Dept Elect & Comp Engn, College Pk, MD 20742 USA

[2] Univ Maryland, Syst Res Inst, Robert H Smith Sch Busines, College Pk, MD 20742 USA

来源：

PROCEEDINGS OF THE 48TH IEEE CONFERENCE ON DECISION AND CONTROL, 2009 HELD JOINTLY WITH THE 2009 28TH CHINESE CONTROL CONFERENCE (CDC/CCC 2009) | 2009年

基金：

美国国家科学基金会;

关键词：

Inventory; Stochastic Control; Dynamic Pricing; Gradient Estimation; COORDINATING INVENTORY CONTROL; FIXED ORDERING COST; STRATEGIES;

D O I：

10.1109/CDC.2009.5400890

中图分类号：

TP [自动化技术、计算机技术];

学科分类号：

0812 ;

摘要：

We analyze the problem of dynamic pricing for inventory systems with price-sensitive demand, which is assumed to follow a continuous-time, continuous-state stochastic process. An analytical solution for a special case of the demand is provided. We propose a simulation-based method for solving the pricing problem under a broad range of demand models, assuming a finite number of price changes over the time horizon of interest. We derive unbiased gradient estimators of the profit function with respect to the pricing parameters.

引用

页码：8531 / 8536

页数：6

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