Dynamic learning, pricing, and ordering by a censored newsvendor

NAVAL RESEARCH LOGISTICS, pp. 448-461, 2007.

Cited by: 19|Views0


We address the problem of determining optimal ordering and pricing policies in a finite-horizon newsvendor model with unobservable lost sales. The demand distribution is price-dependent and involves unknown parameters. We consider both the cases of perishable and nonperishable inventory. A very general class of demand functions is studied...More



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