Revenue Management Under the Markov Chain Choice Model

Abstract

We consider revenue management problems when customers choose among the offered products according to the Markov chain choice model. In this choice model, a customer arrives into the system to purchase a particular product. If this product is available for purchase, then the customer purchases it. Otherwise, the customer transitions to another product or to… (More)
DOI: 10.1287/opre.2017.1628

Topics

3 Figures and Tables

Statistics

01020201520162017
Citations per Year

Citation Velocity: 6

Averaging 6 citations per year over the last 3 years.

Learn more about how we calculate this metric in our FAQ.

Slides referencing similar topics