| Article ID: | iaor1991464 |
| Country: | Netherlands |
| Volume: | 15 |
| Start Page Number: | 279 |
| End Page Number: | 284 |
| Publication Date: | Mar 1989 |
| Journal: | Engineering Costs and Production Economics |
| Authors: | Alpern Steve, Snower Dennis J. |
| Keywords: | search |
This paper aims to capture the idea that the firm learns about its demand curve through its pricing, production and inventory holding decisions. With this in mind, the authors outline a new methodology, based on the mathematical theory of high-low search for determining an optimal sequence of price-quantity decisions through time.