Customer behavior modeling has gained increasing attention in the context of dynamic pricing. As an important behavior phenomenon, consumer inertia refers to consumers’ inherent tendency of purchase procrastination and may induce consumers to wait even when immediate purchase is optimal from an objective perspective. This paper studies a dynamic pricing problem for a monopolist firm selling per...

Y. Balcer and S. A. Lippman (1984, J. Econ. Theory 34, 292 318) develop a model to analyze the ``buy or wait'' problem under technological change. They show that this dynamic problem has a threshold solution: if the difference between the best available technology and that currently held exceeds a certain threshold, then buy. They also claim that the threshold is increasing in the ``discovery p...

in this paper, three dimensional (3d) static and dynamic analysis of thick plates based on the meshless local petrov-galerkin (mlpg) is presented. using the kinematics of a three-dimensional continuum, the local weak form of the equilibrium equations is derived. a weak formulation for the set of governing equations is transformed into local integral equations on local sub-domains by using a uni...

Dynamic pricing for network revenue management has received considerable attention in research and practice. Based on data obtained from a major hotel, we use a large-scale numerical study to compare the performance of several heuristic approaches proposed in the literature. The heuristic approaches we consider include deterministic linear programming with resolving and three variants of dynami...