| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 6897978 | European Journal of Operational Research | 2013 | 7 Pages |
Abstract
⺠We formulate a dynamic pricing model as a stochastic control problem. ⺠We derive an explicit closed-form expression for an optimal pricing policy. ⺠We show that a dynamic pricing is not always effective compared to a fixed pricing.
Keywords
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Kimitoshi Sato, Katsushige Sawaki,