Monahan, George E.; Petruzzi, Nicholas C.; Zhao, Wen - In: Manufacturing & Service Operations Management 6 (2004) 1, pp. 73-91
The dynamic pricing problem concerns the determination of selling prices over time for a product whose demand is random and whose supply is fixed. We approach this problem in a novel way by formulating a dynamic optimization model in which the demand function is isoelastic but the random demand...
