Technical Note-Dynamic Pricing and Demand Learning with Limited Price Experimentation

Technical Note-Dynamic Pricing and Demand Learning with Limited Price Experimentation

In a dynamic pricing problem where the demand function is not known a priori, price experimentation can be used as a demand learning tool. Existing literature usually assumes no constraint on price changes, but in practice, sellers often face business constraints that prevent them from conducting ex...

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Bibliographic Details
Main Authors: Cheung, Wang Chi (Contributor), Simchi-Levi, David (Contributor), Wang, He (Contributor)
Other Authors: Massachusetts Institute of Technology. Department of Civil and Environmental Engineering (Contributor), Massachusetts Institute of Technology. Institute for Data, Systems, and Society (Contributor), Massachusetts Institute of Technology. Operations Research Center (Contributor), David Simchi-Levi (Contributor)
Format: Article
Language:English
Published: Institute for Operations Research and the Management Sciences (INFORMS), 2018-11-16T19:11:55Z.
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