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A heuristic approach to explore : the value of perfect information

Shahrokhi Tehrani, Shervin; Ching, Andrew - In: Management science : journal of the Institute for … 70 (2024) 5, pp. 3200-3224

Persistent link: https://www.econbiz.de/10014551265

A model of boundedly rational consumer choice : an agent based approach

Riechmann, Thomas - 2000

Persistent link: https://www.econbiz.de/10001476021

A model of boundedly rational consumer choice : an agent based approach

Riechmann, Thomas - 2000

The paper presents an extended version of the consumer choice problem. Different from the standard model, prices are not fixed but arise from Walrasian interactions of total demand and a stylized supply function for each of the goods. Three different types of evolutionary algorithms are set up...

Persistent link: https://www.econbiz.de/10011526771

Dynamic pricing and learning with finite inventories

Boer, Arnoud V. den; Zwart, Bert - In: Operations research 63 (2015) 4, pp. 965-978

Persistent link: https://www.econbiz.de/10011313165

Optimal day-ahead offering strategy for large producers based on market price response learning

Alcántara, Antonio; Ruiz, Carlos - In: European journal of operational research : EJOR 319 (2024) 3, pp. 891-907

Persistent link: https://www.econbiz.de/10015085067

Online learning and optimization of (some) cyclic pricing policies in the presence of patient customers

Zhang, Huanan; Jasin, Stefanus - In: Manufacturing & service operations management : M & SOM 24 (2022) 2, pp. 1165-1182

Persistent link: https://www.econbiz.de/10013258789

Has dynamic programming improved decision making?

Rust, John - In: Annual review of economics 11 (2019), pp. 833-858

Persistent link: https://www.econbiz.de/10012623842

Generalized bounded rationality and robust multicommodity network design

Sun, Longsheng; Karwan, Mark H.; Kwon, Changhyun - In: Operations research 66 (2018) 1, pp. 42-57

Persistent link: https://www.econbiz.de/10011818591

Is there an optimization in bounded rationality? : The ratio of aspiration levels

Beckenkamp, Martin (contributor) - 2004

Simons̕ (1955) famous paper was one of the first to cast doubt on the validity of rational choice theory; it has been … supplemented by many more papers in the last three and a half decades. Nevertheless, rational choice theory plays a crucial role in … classical and neoclassical economic theory, which presumes a completely rational agent. The central points characterizing such …

Persistent link: https://www.econbiz.de/10002526505

Optimal Bounded Investment Behaviour

Tsachev, Tsvetomir - 2015

We study the investment behaviour of a producer maximizing the present value of his firm over an infinite time horizon and having investments bounded below by zero (irreversibility of capital) and bounded above by his current profit (capital market imperfections). In our model the interest rate,...

Persistent link: https://www.econbiz.de/10013025441