TY - JOUR
T1 - Multi-product Newsvendor problem with dynamic pricing
T2 - a decision interpolation approximation
AU - Sprenkels, Laura
AU - Atan, Zümbül
AU - Adan, Ivo
N1 - Publisher Copyright: © The Author(s) 2025.
PY - 2025/2/4
Y1 - 2025/2/4
N2 - In this paper we present an approximation for the finite horizon, finite inventory multi-product dynamic pricing problem. We consider both price- and stock-out- based substitutions. The computation time of the optimal solution grows exponentially in the number of products, while computation time of the proposed approximation is linear in the number of products. We compare the approximation with existing methods.
AB - In this paper we present an approximation for the finite horizon, finite inventory multi-product dynamic pricing problem. We consider both price- and stock-out- based substitutions. The computation time of the optimal solution grows exponentially in the number of products, while computation time of the proposed approximation is linear in the number of products. We compare the approximation with existing methods.
UR - http://www.scopus.com/inward/record.url?scp=85217810340&partnerID=8YFLogxK
U2 - 10.1007/s11590-025-02185-6
DO - 10.1007/s11590-025-02185-6
M3 - Article
AN - SCOPUS:85217810340
SN - 1862-4472
VL - 19
SP - 699
EP - 716
JO - Optimization Letters
JF - Optimization Letters
IS - 4
ER -