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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

Optimal execution of a portfolio have been a challenging problem for institutional investors. Traders face the trade-off between average trading price and uncertainty, and traditional methods suffer from the curse of dimensionality. Here,…

Portfolio Management · Quantitative Finance 2023-06-16 Xiaoyue Li , John M. Mulvey

We present a differentiable, decision-oriented learning framework for cost prediction in a class of multi-robot decision-making problems, in which the robots need to trade off the task performance with the costs of taking actions when they…

Robotics · Computer Science 2024-03-27 Guangyao Shi , Chak Lam Shek , Nare Karapetyan , Pratap Tokekar

Assortment optimization concerns the problem of selling items with fixed prices to a buyer who will purchase at most one. Typically, retailers select a subset of items, corresponding to an "assortment" of brands to carry, and make each…

Computer Science and Game Theory · Computer Science 2022-05-23 Will Ma

Motivated by applications in online marketplaces such as ride-hailing, we study how strategic servers impact the system performance. We consider a discrete-time process in which, heterogeneous types of customers and servers arrive. Each…

Optimization and Control · Mathematics 2021-06-25 Sushil Mahavir Varma , Francisco Castro , Siva Theja Maguluri

As Mobility as a Service (MaaS) systems become increasingly popular, travel is changing from unimodal trips to personalized services offered by a platform of mobility operators. Evaluation of MaaS platforms depends on modeling both user…

Computers and Society · Computer Science 2020-08-14 Theodoros P. Pantelidis , Joseph Y. J. Chow , Saeid Rasulkhani

Any industrial system goes along with objectives to be met (e.g. economic performance), disturbances to handle (e.g. market fluctuations, catalyst decay, unexpected variations in uncontrolled flow rates and compositions,...), and…

Optimization and Control · Mathematics 2021-08-20 Aris Papasavvas

The assortment planning problem is a central piece in the revenue management strategy of any company in the retail industry. In this paper, we study a robust assortment optimization problem for substitutable products under a sequential…

Optimization and Control · Mathematics 2020-09-01 Saharnaz Mehrani , Jorge A. Sefair

We consider a multi-stage stochastic lot-sizing problem with service level constraints and supplier-driven product substitution. A firm has multiple products and it has the option to meet demand from substitutable products at a cost.…

Optimization and Control · Mathematics 2023-01-03 Narges Sereshti , Merve Bodur , James R. Luedtke

This paper proposes a new formulation for the dynamic resource allocation problem, which converts the traditional MDP model with known parameters and no capacity constraints to a new model with uncertain parameters and a resource capacity…

Optimization and Control · Mathematics 2020-11-10 Onur Demiray , Evrim Didem Güneş , Lerzan Örmeci

We study a dispatching and pricing problem in two-sided spatial queues with fixed supply, motivated by ride-hailing and robotaxi platforms. Idle drivers queue on one side, waiting to pick up riders, while riders queue on the other, waiting…

Optimization and Control · Mathematics 2026-03-17 Ang Xu , Chiwei Yan

Planning under uncertainty is a crucial capability for autonomous systems to operate reliably in uncertain and dynamic environments. The concern of safety becomes even more critical in healthcare settings where robots interact with human…

Robotics · Computer Science 2021-03-29 Roya Sabbagh Novin , Amir Yazdani , Andrew Merryweather , Tucker Hermans

In this paper, we consider a network of agents that has to self-assign a set of tasks while respecting resource constraints. One possible formulation is the Generalized Assignment Problem, where the goal is to find a maximum payoff while…

Optimization and Control · Mathematics 2021-10-12 Andrea Testa , Giuseppe Notarstefano

Inventory Routing Problem (IRP) is a crucial challenge in supply chain management as it involves optimizing efficient route selection while considering the uncertainty of inventory demand planning. To solve IRPs, usually a two-stage…

Machine Learning · Computer Science 2024-01-02 MD Shafikul Islam , Azmine Toushik Wasi

Optimizing car sharing systems under demand uncertainty is an emerging problem for ensuring profitable and sustainable operations of these services while taking into account quality of service concerns. With the increasing adoption of…

Optimization and Control · Mathematics 2023-07-18 Sinan Emre Kosunda , Beste Basciftci , Esra Koca

We study the problem of maximizing the average hourly profit earned by a Software-as-a-Service (SaaS) provider who runs a software service on behalf of a customer using servers rented from an Infrastructure-as-a-Service (IaaS) provider. The…

Distributed, Parallel, and Cluster Computing · Computer Science 2012-07-19 Michele Mazzucco , Martti Vasar , Marlon Dumas

Multi-robot task allocation is one of the most fundamental classes of problems in robotics and is crucial for various real-world robotic applications such as search, rescue and area exploration. We consider the Single-Task robots and…

Robotics · Computer Science 2021-03-24 Haris Aziz , Hau Chan , Ágnes Cseh , Bo Li , Fahimeh Ramezani , Chenhao Wang

Many key problems in machine learning and data science are routinely modeled as optimization problems and solved via optimization algorithms. With the increase of the volume of data and the size and complexity of the statistical models used…

Optimization and Control · Mathematics 2020-08-28 Filip Hanzely

When designing a motion planner for autonomous robots there are usually multiple objectives to be considered. However, a cost function that yields the desired trade-off between objectives is not easily obtainable. A common technique across…

Robotics · Computer Science 2023-12-13 Nils Wilde , Stephen L. Smith , Javier Alonso-Mora

Ridesharing has been emerging as a new type of mobility. However, the early promises of ridesharing for alleviating congestion in cities may be undermined by a number of challenges, including the growing number of proposed services and the…

Computers and Society · Computer Science 2020-01-09 Venktesh Pandey , Julien Monteil , Claudio Gambella , Andrea Simonetto