Adaptive Pricing by a Retailer
A retailer operating in an environment in which a competitor is the price leader must determine how to adapt his prices to those of this competitor. The sequential decision problem of the manager is formulated as a Markov process with rewards.
2015 ◽
Vol 243
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pp. 224-232
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1956 ◽
Vol 42
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pp. 920-923
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2004 ◽
Vol 20
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pp. 253-277
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2003 ◽
Vol 57
(2)
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pp. 321-327