Dynamic pricing with automated purchase-reservation algorithms

We consider the problem of a firm that sells a perishable product such as airline tickets or hotel rooms with a dynamic pricing scheme in the presence of Internet bots. The bots automatically check for changes in the selling price every few seconds and hold the price for a short period by making a t...

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Veröffentlicht in:	Journal of revenue and pricing management 2021-02, Vol.20 (1), p.33-41
1. Verfasser:	Sato, Kimitoshi
Format:	Artikel
Sprache:	eng
Schlagworte:	Airline industry Business and Management Hotels & motels Inventory Pricing policies Research Article Reservation systems
Online-Zugang:	Volltext
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