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Dynamic Pricing in a Competitive Environment

We present a dynamic optimization approach for perishable products in a competitive and dynamically changing market. We build a general optimization framework that ties together the competetive and the dynamic nature of pricing. This approach also allows differential pricing for large customers as well as demand learning for the seller. We analyze special cases of the model and illustrate the policies numerically. / Singapore-MIT Alliance (SMA)
Date01 1900
CreatorsPerakis, Georgia, Sood, Anshul
Source SetsM.I.T. Theses and Dissertation
Detected LanguageEnglish
Format623746 bytes, application/pdf
RelationHigh Performance Computation for Engineered Systems (HPCES);

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