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Dynamic pricing model with logarithmic demand

✍ Scribed by U. K. Khedlekar, D. Shukla

Book ID
120669046
Publisher
Springer-Verlag
Year
2012
Tongue
English
Weight
298 KB
Volume
50
Category
Article
ISSN
0030-3887

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## Abstract This paper studies the dynamic pricing problem of selling fixed stock of perishable items over a finite horizon, where the decision maker does not have the necessary historic data to estimate the distribution of uncertain demand, but has imprecise information about the quantity demand.