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When underlying demand is uncertain and follows a complex stochastic process, pricing problems are difficult to solve. In such cases, certainty equivalent (CE) policies, based on solving the deterministic relaxation of a stochastic pricing problem, can be used as practical alternatives. CE...
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Attribute-based pricing---giving a price to potential product attributes individually and allowing customers to choose the attributes that form the final product---has been shown to improve customer satisfaction in the hospitality industry. In this paper, we consider the problem of finding...
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We consider a multi-period Newsvendor problem where the seller decides the initial inventory level and dynamically sets the prices in every periods. A purchase made in a period can be returned at a (random) future period following a return time distribution. Unlike existing works in the...
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We consider a multi-product dynamic pricing problem with limited inventories under the so-called Cascade Click model, which is one of the most popular click models used in practice for analyzing customers' click-and-search behavior in large-scale web analytic applications. We present three...
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