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With the rapid growth in the fashion e-commerce industry, it is becoming extremely challenging for the E-tailers to set an optimal price point for all the products on the platform. By establishing an optimal price point, they can maximize…

Machine Learning · Computer Science 2020-08-25 Sajan Kedia , Samyak Jain , Abhishek Sharma

In this paper, online convex optimization is applied to the problem of controlling linear dynamical systems. An algorithm similar to online gradient descent, which can handle time-varying and unknown cost functions, is proposed. Then,…

Optimization and Control · Mathematics 2021-11-03 Marko Nonhoff , Matthias A. Müller

We consider the Item Pricing problem for revenue maximization in the limited supply setting, where a single seller with $n$ items caters to $m$ buyers with unknown subadditive valuation functions who arrive in a sequence. The seller sets…

Computer Science and Game Theory · Computer Science 2009-05-21 Tanmoy Chakraborty , Zhiyi Huang , Sanjeev Khanna

We study a sequential profit-maximization problem, optimizing for both price and ancillary variables like marketing expenditures. Specifically, we aim to maximize profit over an arbitrary sequence of multiple demand curves, each dependent…

Machine Learning · Computer Science 2024-07-09 Joon Suk Huh , Ellen Vitercik , Kirthevasan Kandasamy

The proliferation of ride sharing systems is a major drive in the advancement of autonomous and electric vehicle technologies. This paper considers the joint routing, battery charging, and pricing problem faced by a profit-maximizing…

Systems and Control · Electrical Eng. & Systems 2020-10-05 Berkay Turan , Ramtin Pedarsani , Mahnoosh Alizadeh

We consider the problem of pricing a reusable resource service system. Potential customers arrive according to a Poisson process and purchase the service if their valuation exceeds the current price. If no units are available, customers…

Computer Science and Game Theory · Computer Science 2025-02-14 Adam N. Elmachtoub , Jiaqi Shi

Self-optimizing control is a strategy for selecting controlled variables, where the economic objective guides the selection and design of controlled variables, with the expectation that maintaining the controlled variables at constant…

Optimization and Control · Mathematics 2026-05-08 Chenchen Zhou , Shaoqi Wang , Hongxin Su , Xinhui Tang , Yi Cao , Shuang-Hua Yang

Supply chain management has been concentrated on productive ways to manage flows through a sophisticated vendor, manufacturer, and consumer networks for decades. Recently, energy and material rates have been greatly consumed to improve the…

Computers and Society · Computer Science 2020-10-12 Ahmad Sobhan Abir , Ishtiaq Ahmed Bhuiyan , Mohammad Arani , Md Mashum Billal

Customer loyalty is crucial for internet services since retaining users of a service to ensure the staying time of the service is of significance for increasing revenue. It demands the retention of customers to be high enough to meet the…

Social and Information Networks · Computer Science 2017-10-20 Junhua Chen , Wei Zeng , Ge Fan , Junmin Shao

The timely delivery of resource-intensive and latency-sensitive services (e.g., industrial automation, augmented reality) over distributed computing networks (e.g., mobile edge computing) is drawing increasing attention. Motivated by the…

Networking and Internet Architecture · Computer Science 2022-06-01 Yang Cai , Jaime Llorca , Antonia M. Tulino , Andreas F. Molisch

For a general optimal control problem for dynamical systems with hybrid dynamics, we study the dependency of the optimal cost and of the value function on the initial conditions, parameters, and perturbations. We show that upper and lower…

Optimization and Control · Mathematics 2021-12-22 Berk Altın , Ricardo G. Sanfelice

When launching new products, firms face uncertainty about market reception. Online reviews provide valuable information not only to consumers but also to firms, allowing firms to adjust the product characteristics, including its selling…

Machine Learning · Computer Science 2024-04-24 José Correa , Mathieu Mari , Andrew Xia

We study and develop a robust control framework for malware filtering and network security. We investigate the malware filtering problem by capturing the tradeoff between increased security on one hand and continued usability of the network…

Cryptography and Security · Computer Science 2009-11-13 Michael Bloem , Tansu Alpcan , Tamer Basar

This paper tackles challenges in pricing and revenue projections due to consumer uncertainty. We propose a novel data-based approach for firms facing unknown consumer type distributions. Unlike existing methods, we assume firms only observe…

Theoretical Economics · Economics 2024-05-28 Duarte Gonçalves , Bruno A. Furtado

In this paper we study a continuous time stochastic inventory model for a commodity traded in the spot market and whose supply purchase is affected by price and demand uncertainty. A firm aims at meeting a random demand of the commodity at…

Optimization and Control · Mathematics 2015-06-12 Maria B. Chiarolla , Giorgio Ferrari , Gabriele Stabile

The aim of this paper is to analyze the dynamic evolution of a VPN, modeled as a system, controled by a manager who should take appropriate decisions. To take the best possible decisions, the operator should be able to worst behavior, in…

Optimization and Control · Mathematics 2016-08-16 Hélène Le Cadre

We address the challenging problem of dynamically pricing complementary items that are sequentially displayed to customers. An illustrative example is the online sale of flight tickets, where customers navigate through multiple web pages.…

Nowadays, the exponentially growing of the Web renders the problem of correlation among different topics of paramount importance. The proposed model can be used to study the evolution of network depicted by different topics on the web…

Social and Information Networks · Computer Science 2015-01-05 Massimiliano Dal Mas

We consider a fundamental pricing model in which a fixed number of units of a reusable resource are used to serve customers. Customers arrive to the system according to a stochastic process and upon arrival decide whether or not to purchase…

Data Structures and Algorithms · Computer Science 2020-02-12 Omar Besbes , Adam N. Elmachtoub , Yunjie Sun

With customer relationship management (CRM) companies move away from a mainly product-centered view to a customer-centered view. Resulting from this change, the effective management of how to keep contact with customers throughout different…

Human-Computer Interaction · Computer Science 2008-12-18 Michael Hahsler