A minmax regret price control model for managing perishable products with uncertain parameters

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• 作者：Jiamin Wang ^{jiamin.wang@liu.edu} ; Baichun Xiao ; ^{bxiao@liu.edu}
• 关键词：Revenue management ; Robust control ; Dynamic pricing ; Minmax regret
• 刊名：European Journal of Operational Research
• 出版年：2017
• 出版时间：16 April 2017
• 年：2017
• 卷：258
• 期：2
• 页码：652-663
• 全文大小：629 K
• 卷排序：258

文摘

Proposed a new minmax regret model for RM problems with uncertain parameters. Analyzed characteristics of the solution for the minmax regret model. Derived the solution for the minmax regret model and conducted an empirical study. The model cuts variance of revenue heavily without compromising its expected value.