Dynamic pricing of fashion-like multiproducts with customers' reference effect and limited memory

DOI10.1155/2014/157865zbMath1407.91116OpenAlexW1985797657WikidataQ59063337 ScholiaQ59063337MaRDI QIDQ1717785

Wenjie Bi, Guo Li, Mengqi Liu, Xiao Hong Chen

Publication date: 8 February 2019

Published in: Mathematical Problems in Engineering (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1155/2014/157865

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Microeconomic theory (price theory and economic markets) (91B24) Consumer behavior, demand theory (91B42)

Related Items (4)

Dynamic pricing of a web service in an advance selling environment ⋮ Optimal pricing of online products based on customer anchoring‐adjustment psychology ⋮ Supply chain contracts in fashion department stores: coordination and risk analysis ⋮ Product demand forecasting and dynamic pricing considering consumers' mental accounting and peak-end reference effects

Uses Software

• CompEcon

Cites Work

• Unnamed Item
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• Dynamic Pricing Strategies with Reference Effects
• Structural Properties of Stochastic Dynamic Programs
• Explicit Solutions of Optimization Models and Differential Games with Nonsmooth (Asymmetric) Reference-Price Effects
• Optimal Dynamic Pricing of Inventories with Stochastic Demand over Finite Horizons
• Periodic Pricing of Seasonal Products in Retailing

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