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Fig. 5 | Journal of Statistical Distributions and Applications

Fig. 5

From: Optimal two-stage pricing strategies from the seller’s perspective under the uncertainty of buyer’s decisions

Fig. 5

Profits and prices when the cost is c 1=20 and the bidding prices X 0 and X 1 are independent and follow the distribution of a 0+G with GGa(α,β). a Function Π 0(p 0) with p 0,max=230.1152. b Function Π 1(p 1) with p 1,c,max=230.4159. c Global view of Π(p 0,p 1). d Π(p 0,p 1) around \((p_{0,c}^{\text {max}}, p_{1,c}^{\text {max}})=(239.6038, 230.4159)\)

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