A controlled birth and death process model of optimal product pricing under stochastically changing demand

DOI10.2307/3213003zbMath0365.90039OpenAlexW4253639677MaRDI QIDQ4140658

Wayne L. Winston, Sudhakar D. Deshmukh

Publication date: 1977

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

Full work available at URL: https://doi.org/10.2307/3213003

Mathematics Subject Classification ID

Trade models (91B60) Optimal stochastic control (93E20) Markov and semi-Markov decision processes (90C40)

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