Jain, Lalit; Li, Zhaoqi; Loghmani, Erfan; Mason, Blake; … - 2023
We consider the problem of setting the optimal prices and promotions for a large number of products when the firm lacks … adaptive algorithm that simultaneously incorporates pricing and promotions into a discrete choice model. To make our algorithm … computationally feasible over an infinite space of prices and promotions, we provide a novel method for learning the optimal price and …