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Given the promise of 3D printing, also known as additive manufacturing, some innovative consumer goods companies have started to experiment with such a technology for on-demand production. However, the potential impact of 3D printing on retail and supply chain operations is not well understood....
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We consider a dynamic pricing problem in which the seller sells a limited amount of inventory over a short time horizon. The distribution of customer willingness-to-pay is unknown, and the seller learns about the distribution from observing customer purchase decisions. Such a problem arises in...
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Price promotion wars have been commonly observed in the online retail industry. One intuitive explanation is that firms cut their prices in the current period, hoping for locking in customers for future profit. While such practice is prevalent, our understanding of the role of service capacity...
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