LI, GENDAO; XIONG, YU; XIONG, ZHONGKAI - In: Asia-Pacific Journal of Operational Research (APJOR) 26 (2009) 06, pp. 779-804
This paper studies a problem of dynamic pricing faced by a retailer with limited inventory, uncertain about the demand rate model, aiming to maximize expected discounted revenue over an infinite time horizon. The retailer doubts his demand model which is generated by historical data and views it...