Sell a fixed inventory over a season under price-sensitive, uncertain demand. Set your price policy, let dynamic repricing react to what is left, and maximise revenue without stocking out early or dumping leftovers. Set the controls, then press Run to play 20 rounds, or Step to go one round at a time.
Sell a fixed inventory over a season under price-sensitive, uncertain demand - a revenue-management problem of price versus time versus stock.
Demand falls with price by the elasticity. Dynamic repricing reacts to remaining inventory and time left; selling out early or dumping leftovers both waste revenue.
Spend inventory in step with the season - hold some price power in reserve and mark down only when leftovers threaten.
