Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1143395 | Operations Research Letters | 2009 | 6 Pages |
Abstract
We show that the monotone structures of dynamic pricing for a single perishable product under risk-neutrality are preserved under risk-sensitivity with the additive general utility and atemporal exponential utility functions. We also show that the optimal price is decreasing over the degree of risk-sensitivity under the exponential class of both additive and atemporal utility functions.
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Michael Z.F. Li, Weifen Zhuang,