详细信息
Dynamic Pricing Decision for Perishable Goods: A Q-learning Approach ( CPCI-S收录)
文献类型:会议论文
英文题名:Dynamic Pricing Decision for Perishable Goods: A Q-learning Approach
作者:Cheng, Yan
机构:[1]E China Univ Sci & Technol, Sch Business, Shanghai, Peoples R China
会议论文集:4th International Conference on Wireless Communications, Networking and Mobile Computing
会议日期:OCT 12-17, 2008
会议地点:Dalian, PEOPLES R CHINA
语种:英文
外文关键词:dynamic pricing; partial obserbable Markov decision process; Q-learning
摘要:In this paper, we considered a dynamic pricing problem for selling a given stock of perishable items during a finite sale season. We developed a partially observed Markov decision process model to study this problem. In particularly, belief states were adopted to deal with the uncertainty of demand. A Q-learning approach was designed to solve the problem of obtaining optimal dynamic pricing policy, and this approach was validated by a simulation experiment.
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