Karpowicz, Anna; Szajowski, Krzysztof - In: Mathematical Methods of Operations Research 66 (2007) 2, pp. 235-253
In many industries, managers face the problem of selling a given stock of items by a deadline. We investigate the problem of dynamically pricing such inventories when demand is price sensitive and stochastic and the firm’s objective is to maximize expected revenues. Examples that fit this...
