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Optimal dynamic pricing and ordering decisions for perishable products

โœ Scribed by Chew, Ek Peng; Lee, Chulung; Liu, Rujing; Hong, Ki-sung; Zhang, Anming


Book ID
121824399
Publisher
Elsevier Science
Year
2014
Tongue
English
Weight
609 KB
Volume
157
Category
Article
ISSN
0925-5273

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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.