Dynamic Pricing of Perishable Products with Competition
نویسندگان
چکیده
منابع مشابه
Dynamic Pricing of Perishable Products with Competition
With the development of product development technology and the rapid rise of online retailing, the market competition becomes increasingly fierce. Based on consumer utility function, this article established a two-stage dynamic pricing model and discussed pricing strategies under consumer behavior and market competition. Findings indicate that product quality difference and consumer valuation d...
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Existing revenue management solutions employed by legacy carriers, which are based on allocating capacity to pre-defined fare classes, are increasingly inadequate to compete against low-cost carriers that impose few or no fare restrictions and make their fares widely available through the Internet. To avoid revenue erosion due to inadequate solutions, legacy carriers need to develop systems tha...
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Abstract Assume that customers are price sensitive, changes in the price of perishable products will bring changes in demand, and business can adjust the perishable products' price to influence the market demand, a perishable products multi-stage pricing model considering cancelations and no-shows is proposed, and the optimal pricing, the optimal expected revenue with the products' initial quan...
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The pricing problem in a multi-period setting is a challenging problem and has attracted much attention in recent years. In this thesis, we consider a monopoly and an oligopoly pricing problem. In the latter, several sellers simultaneously seek an optimal pricing policy for their products. The products are assumed to be differentiated and substitutable. Each seller has the option to set prices ...
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Yalçın Akçay College of Administrative Sciences and Economics, Koç University, Rumeli Feneri Yolu, Istanbul, Turkey, 34450, [email protected] Harihara Prasad Natarajan Department of Management, School of Business Administration, University of Miami, Coral Gables, FL 33124, [email protected] Susan H. Xu Department of Supply Chain and Information Systems, Smeal College of Business, Penn State Univers...
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ژورنال
عنوان ژورنال: Open Journal of Social Sciences
سال: 2015
ISSN: 2327-5952,2327-5960
DOI: 10.4236/jss.2015.33010