Article ID Journal Published Year Pages File Type
1143395 Operations Research Letters 2009 6 Pages PDF
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
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