techniques. Optimal pricing policy is expressed as a function of time to expiration and inventory levels of unsold products. An …This paper is devoted to the development of heuristics for the dynamic pricing problem. A discrete time model of … dynamic pricing on the fixed time horizon is proposed. It is applicable to products that satisfy two properties: 1) product …

This article presents a dynamic pricing model of a retailer selling an inventory, accounting for consumer behavior. The … and to a reference price. The optimal dynamic pricing policy is solved with Pontryagin's maximum principle with a … structural (general) demand function. The authors obtain an original pricing rule, which explicitly accounts for the impact of …