Dynamic pricing in the presence of inventory considerations: research overview, current practices, and future directions

By Wedad J. Elmaghraby, Pinar Keskinocak. IEEE Engineering Management Review, 2003

1,390 citations recorded by the source corpus.

Subfields: Management Information Systems, Management Science and Operations Research, Marketing

View Paper: https://www.semanticscholar.org/paper/d3c4876dfaf703bfcbc77184ba0cefe8caff10df

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Citations in the corpus

Dynamic pricing and matching in ride‐hailing platforms (2019, neutral): “These approaches usually require short-term predictions of demand and supply, including price elasticity estimates (Elmaghraby and Keskinocak 2003).”
Dynamic Revenue Maximization with Heterogeneous Objects: A Mechanism Design Approach (2009, background): “We also restrict attention to interim-individually rational policies, where no agent ever pays more than the utility obtained from the physical allocation.”
Intertemporal Pricing with Strategic Customer Behavior (2007, neutral): “On the x-axis, we have x = αφHVH − (αφH + αφL)VL, (21)”
The Response of Prices, Sales, and Output to Temporary Changes in Demand (2005, neutral): “equations (11) and (12) over each sales price and level of output.”
E-fulfillment and multi-channel distribution - A review (2006, background): “For a more detailed review of this rapidly expanding stream of research we refer to Chan et al. (2004) and to Elmaghraby and Keskinocak (2003).”
Dynamic Pricing Strategies with Reference Effects (2007, background): “Recent surveys on dynamic pricing confirm that the state of the art models unrealistically assume demand to be given exogenously, and customers’ purchase decisions to be based solely on the current price posted by the seller (Bitran and Caldentey 2003, Elmaghraby and Keskinoçak 2003).”
Analytics for an Online Retailer: Demand Forecasting and Price Optimization (2016, background): “problems, each of which can be solved in pseudo-polynomial time (see Du and Pardalos (1998)).”
Optimal Pricing of Seasonal Products in the Presence of Forward-Looking Consumers (2008, background): “For further information on the above body of research, we refer the reader to Elmaghraby and Keskinocak (2003) and Chan et al. (2001).”
Demand Functions in Decision Modeling: A Comprehensive Survey and Research Directions (2013, methodology): “In recent years, dynamic pricing and inventory models have been widely used in marketing and operations management; see, e.g., Bitran and Caldentey (2003) and Elmaghraby and Keskinocak (2003).”