Probabilistic Choice Models for Product Pricing Using Reservation Prices
The problem of pricing a product line to maximize profits is an important challenge faced by many companies. To address this problem, we discuss four different probabilistic choice models that are based on reservation prices: the Uniform Distribution Model, the Weighted Uniform Model, the Share-of-S...
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| Format: | Others |
| Language: | en |
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2007
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| Online Access: | http://hdl.handle.net/10012/2677 |