We present a single-resource finite-horizon Markov decision process approach for a firm that seeks to maximize expected revenues by dynamically adjusting the menu of offered products and their prices to be selected from a finite set of alternative values predetermined as a matter of policy....

Product line design (PLD) involves important decisions at the interface of operations and marketing that are very costly to implement and change, and, simultaneously, determinant for market success. To evaluate the financial performance of a product line, a number of mathematical programming...

Product line design decisions are determinant for a firm's market success and, simultaneously, very costly to implement and change. To evaluate the profitability of a design, a number of mathematical programming approaches have been proposed in the last three decades--typically nonlinear integer...