Dynamic pricing of multiple products with segmented customer behaviour.
Published: 2006
Language: eng
Number of pages: 81
ISBN-13: 9780494212776
Description: Three models are presented that dynamically price multiple product types. The first model prices the products over an infinite selling horizon, the second is a discrete-time model with a finite selling horizon, and finally we present a continuous-time finite horizon model.Numerical analysis exhibits that when the inventory is reduced to only one product type, then the pricing policies are non-increasing with respect to time and for higher inventories the discounting occurs earlier; however, it is evident that a product that has a higher expected rate of revenue associated with the subsequent price can be discounted at later times, and higher prices for that product can be used for higher levels of inventory. When pricing multiple products, it is observed that the decisions are not necessarily non-increasing with time and inventory, and that there are cases where higher overall inventory levels are discounted later than lower levels.
Notes: Source: Masters Abstracts International, Volume: 45-03, page: 1625.

Thesis (M.A.Sc.)--University of Toronto, 2006.

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