Prominent hotel chains quote a booking price for a particular type of rooms on each day and dynamically update these prices over time. We present a novel Markov decision process (MDP) formulation that determines the optimal booking price for a single type of rooms under this strategy, while...

We consider a retailer selling a single product to consumers through an offline (brick-and-mortar) channel and an online channel. The consumers in each channel are heterogeneous such that the product fits the tastes of only a fraction of these consumers. The retailer provides a product...

This review covers some fundamental operations of online business and marketplaces. Topics include introduction to online retailing, online marketplaces, analytics and AI for online retailing, supply chain management for online retailing, logistics equipment and technologies for online...