Product demand forecasting and dynamic pricing considering consumers' mental accounting and peak-end reference effects

DOI10.1155/2014/139030zbMath1437.91207DBLPjournals/jam/BiL14OpenAlexW2054821257WikidataQ59049568 ScholiaQ59049568MaRDI QIDQ2336156

Mengqi Liu, Wenjie Bi

Publication date: 19 November 2019

Published in: Journal of Applied Mathematics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1155/2014/139030

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Consumer behavior, demand theory (91B42)

Related Items (1)

Pricing and lot-sizing decisions for perishable goods when demand depends on selling price, reference price, product freshness, and displayed stocks

Cites Work

• Dynamic pricing of fashion-like multiproducts with customers' reference effect and limited memory
• Dynamic nonlinear pricing model based on adaptive and sophisticated learning
• Pricing decision under dual-channel structure considering fairness and free-riding behavior
• A stochastic dynamic programming approach based on bounded rationality and application to dynamic portfolio choice
• Dynamic Pricing with Loss-Averse Consumers and Peak-End Anchoring
• Dynamic Pricing Strategies with Reference Effects

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