Abstract
For a variety of practical reasons, including ease of understanding and familiarity for customers, firms use static-pricing algorithms in which product prices remain unchanged over time. In a multiproduct setting with no demand substitutability or complementarity between products, prior work has shown that static-pricing algorithms can offer excellent performance. In “A Note on State-Independent Policies in Network Revenue Management,” Manchiraju, Dawande, and Janakiraman extend that work and show that static-pricing algorithms offer a near-optimal performance even in the presence of demand substitutability and complementarity.
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.
