Monopolistic Pricing and the Learning Curve: An Algorithmic Approach
Operations Research · 1990 · Volume 38 · Issue 4
Abstract
This paper analyzes a multiperiod production planning model which incorporates pricing decisions and learning effects. We provide a partial characterization of the optimal policy. This result, combined with a simple algorithm, is used to find the optimal solution in special cases and near-optimal solutions for the general case.
Keywords
inventory/production, policies: marketing and pricing, marketing: pricing, production/scheduling: learning
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