Concepedia

Markdown Optimization Under Uncertainty

Markdown Optimization Under Uncertainty is a decision-theoretic framework that formalizes the problem of dynamically setting markdown pricing strategies under incomplete information about demand, competition, or market response, distinguishing it from deterministic markdown optimization approaches by explicitly modeling and addressing stochasticity and ambiguity in revenue management.

11

Publications

626

Citations

29

Authors

19

Institutions

Publications per year

2017–2026

2

Variants

Stochastic Markdown Optimization

Parents

Publications

11

Optimal ordering and pricing policies in a single-period environment with multivariate demand and markdowns

Timothy L. Urban, Roger C. Baker · European Journal of Operational Research · 1997 · 144 citations

, , +17

A stochastic robust optimization approach for the bidding strategy of an electric vehicle aggregator

Luis Baringo, Raquel Sánchez Amaro · Electric Power Systems Research · 2017 · 117 citations · Full text

, , +16

Markdown Pricing with Unknown Fraction of Strategic Customers

Adam J. Mersereau, Dan Zhang · Manufacturing & Service Operations Management · 2012 · 115 citations

, , +15

Integrated markdown pricing and aggregate production planning in a two echelon supply chain: A hybrid fuzzy multiple objective approach

R. Ghasemy Yaghin, S. Ali Torabi, S.M.T. Fatemi Ghomi · Applied Mathematical Modelling · 2012 · 67 citations

, , +17

Portfolio optimisation under non-linear drawdown constraints in a semimartingale financial model

Vladimir Cherny, Jan Obłój · Finance and Stochastics · 2013 · 42 citations

, , +16

1–5 of 11

Authors

29

  1. AM
    Alan Mercer

    Lancaster University, United Kingdom

    1 publications · 22 citations

    1

    h-index

  2. JD
    Jonathan D. Evans

    University of Bath, United Kingdom

    1 publications · 14 citations

    1

    h-index

  3. RC
    Roger C. Baker

    Brigham Young University, United States

    1 publications · 144 citations

    1

    h-index

  4. BP
    Bruce Preston

    Columbia University, United States

    1 publications · 14 citations

    1

    h-index

  5. JC
    John C. Yi

    Saint Joseph's University, United States

    1 publications · 15 citations

    1

    h-index

1–5 of 29

Institutions

19

  1. Amirkabir University of Technology

    Tehran, Iran

    1 h-index

    2 publications

    134 citations

  2. University of Colorado Boulder

    Boulder, United States

    1 h-index

    1 publications

    115 citations

  3. Blue Yonder (United States)

    Scottsdale, United States

    1 h-index

    1 publications

    15 citations

  4. California State University, Long Beach

    Long Beach, United States

    1 h-index

    1 publications

    15 citations

  5. The University of Texas at Arlington

    Arlington, United States

    1 h-index

    1 publications

    144 citations

  6. Walmart (United States)

    Bentonville, United States

    1 h-index

    1 publications

    15 citations

  7. University of Tehran

    Tehran, Iran

    1 h-index

    1 publications

    67 citations

  8. University of Maryland, College Park

    College Park, United States

    1 h-index

    1 publications

    15 citations

1–8 of 19

Venues

  1. European Journal of Operational Research

    2 publications · 166 citations

    2

    h-index

  2. Computers & Industrial Engineering

    2 publications · 62 citations

    2

    h-index

  3. Manufacturing & Service Operations Management

    1 publications · 115 citations

    1

    h-index

  4. Naval Research Logistics (NRL)

    1 publications · 28 citations

    1

    h-index

  5. IIE Transactions

    1 publications · 15 citations

    1

    h-index

1–5