2022 Volume 142 Issue 2 Pages 145-146
In this research Markov decision processes is applied to purchasing strategy with dynamic pricing. A new purchasing strategy which maximizes the total revenue is proposed. In the proposed purchasing strategy a number of products and a price are decided. The effectiveness of the proposed method is shown by some computational examples.
The transactions of the Institute of Electrical Engineers of Japan.C
The Journal of the Institute of Electrical Engineers of Japan