inventory on future profits. The dynamics of price do not have to imitate the dynamics of the reference price. Instead, the …This article presents a dynamic pricing model of a retailer selling an inventory, accounting for consumer behavior. The … authors propose an optimal control model, maximizing the intertemporal profit with consumers sensitive to the selling price …

inventory on future profits. The dynamics of price do not have to imitate the dynamics of the reference price. Instead, the …This article presents a dynamic pricing model of a retailer selling an inventory, accounting for consumer behavior. The … authors propose an optimal control model, maximizing the intertemporal profit with consumers sensitive to the selling price …

price and inventory on future profits. The dynamics of price do not have to imitate the dynamics of the reference price …This article presents a dynamic pricing model of a retailer selling an inventory, accounting for consumer behavior. The … authors propose an optimal control model, maximizing the intertemporal profit with consumers sensitive to the selling price …

A firm that accounts for consumer behavior sets the selling price of a product considering the reference price of … consumers. In the literature, a reference price is usually modeled as depending on past selling prices. That is, past selling … prices implicitly constrain the current selling price of a product. In this article, the author explicitly measures this …

A firm usually sets the selling price of a product by taking into account consumers' reference price. A behavioral … pricing scheme integrating reference effects would suggest that the higher the reference price, the higher the firm can set … the price. In this paper, the author investigates this intuition by accounting for reference dependence in an optimal …

A periodical multi-product pricing and inventory control problem with applications to production planning and airline …

For the price-setting newsvendor and general forms of uncertainty, the optimal price and mark-up can be characterized … extends that result to allow for inventory and stock-out costs, both of which affect the marginal cost of an expected unit …