Optimal pricing in a hazard rate model of demand
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Publication:5695573
DOI10.1002/oca.729zbMath1073.91602OpenAlexW3122012146MaRDI QIDQ5695573
Publication date: 13 October 2005
Published in: Optimal Control Applications and Methods (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1002/oca.729
Consumer behavior, demand theory (91B42) Optimality conditions for problems involving ordinary differential equations (49K15) Marketing, advertising (90B60)
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Pricing competition with inventory considerations in a hazard rate-prone market of durables ⋮ Optimal advertising and pricing in a new-product adoption model ⋮ Understanding multi-stage diffusion process in presence of attrition of potential market and related pricing policy ⋮ Short-term and long-term competition between providers of shrink-wrap software and software as a service ⋮ Integrating equipment investment strategy with maintenance operations under uncertain failures ⋮ A road map to new product success: warranty, advertisement and price ⋮ Optimal advertising and pricing in a class of general new-product adoption models
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