Monopolistic Pricing and the Learning Curve: An Algorithmic Approach

Maqbool Dada and K. N. Srikanth
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Maqbool Dada: University of Illinois at Chicago, Chicago, Illinois
K. N. Srikanth: University of Illinois at Chicago, Chicago, Illinois

Operations Research, 1990, vol. 38, issue 4, 656-666

Abstract: This paper analyzes a multiperiod production planning model which incorporates pricing decisions and learning effects. We provide a partial characterization of the optimal policy. This result, combined with a simple algorithm, is used to find the optimal solution in special cases and near-optimal solutions for the general case.

Keywords: inventory/production; policies: marketing and pricing; marketing: pricing; production/scheduling: learning (search for similar items in EconPapers)
Date: 1990
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:38:y:1990:i:4:p:656-666

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