Abstract
The problem of assigning inventory to different pricing levels is considered. The problem is motivates by hoteliers assigning rooms to an opaque discounter. It can also be thought of as assigning seats and fares to two different classes where the cheaper class sells out first. The approach can be used for retail promotions such as “all items 20% of during the first hour of business”. While the operations literature has looked extensively at joint pricing and inventory decisions in the single product setting, we extend the literature and provide closed form solutions to the multiproduct setting where demand across the products is dependent and the products share resources.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
