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In pursuit of a more sustainable and cost-efficient last mile, parcel lockers have gained a firm foothold in the parcel delivery landscape. To fully exploit their potential and simultaneously ensure customer satisfaction, successful…

人工智能 · 计算机科学 2024-09-13 Daniela Sailer , Robert Klein , Claudius Steinhardt

We are interested in the setting where a seller sells sequentially arriving items, one per period, via a dynamic auction. At the beginning of each period, each buyer draws a private valuation for the item to be sold in that period and this…

计算机科学与博弈论 · 计算机科学 2018-12-10 Vahab Mirrokni , Renato Paes Leme , Pingzhong Tang , Song Zuo

We consider a novel pricing and advertising framework, where a seller not only sets product price but also designs flexible 'advertising schemes' to influence customers' valuation of the product. We impose no structural restriction on the…

计算机科学与博弈论 · 计算机科学 2024-12-12 Shipra Agrawal , Yiding Feng , Wei Tang

A significant portion of a consumer's annual electrical costs can be made up of coincident peak charges: a transmission surcharge for power consumed when the entire system is at peak demand. This charge occurs only a few times annually, but…

最优化与控制 · 数学 2019-08-05 Chase P. Dowling , Baosen Zhang

Motivated by applications from gig economy and online marketplaces, we study a two-sided queueing system under joint pricing and matching controls. The queueing system is modeled by a bipartite graph, where the vertices represent customer…

最优化与控制 · 数学 2025-03-12 Sushil Mahavir Varma , Pornpawee Bumpensanti , Siva Theja Maguluri , He Wang

We consider dynamic pricing strategies in a streamed longitudinal data set-up where the objective is to maximize, over time, the cumulative profit across a large number of customer segments. We consider a dynamic model with the consumers'…

机器学习 · 计算机科学 2023-10-17 Rashmi Ranjan Bhuyan , Adel Javanmard , Sungchul Kim , Gourab Mukherjee , Ryan A. Rossi , Tong Yu , Handong Zhao

This paper analyzes single-item continuous-review inventory models with random supplies in which the inventory dynamic between orders is described by a diffusion process, and a long-term average cost criterion is used to evaluate decisions.…

最优化与控制 · 数学 2024-02-07 K. L. Helmes , R. H. Stockbridge , C. Zhu

We adopt the perspective of an aggregator, which seeks to coordinate its purchase of demand reductions from a fixed group of residential electricity customers, with its sale of the aggregate demand reduction in a two-settlement wholesale…

系统与控制 · 计算机科学 2017-12-29 Kia Khezeli , Eilyan Bitar

Motivated by practical applications, we explore the constrained multi-period mean-variance portfolio selection problem within a market characterized by a dynamic factor model. This model captures predictability in asset returns driven by…

投资组合管理 · 定量金融 2025-02-26 Jianjun Gao , Chengneng Jin , Yun Shi , Xiangyu Cui

The large integration of variable energy resources is expected to shift a large part of the energy exchanges closer to real-time, where more accurate forecasts are available. In this context, the short-term electricity markets and in…

Considering a lead-time-and price-sensitive demand, we investigate whether a client rejection policy, modeled as M/M/1/K system, can be more profitable than an all-client acceptance policy, modeled as M/M/1 system. We provide analytical…

证券定价 · 定量金融 2017-08-25 Abduh Sayid , Yannick Frein , Ramzi Hammami

The stochastic knapsack has been used as a model in wide ranging applications from dynamic resource allocation to admission control in telecommunication. In recent years, a variation of the model has become a basic tool in studying problems…

证券定价 · 定量金融 2008-12-02 Grace Lin , Yingdong Lu , David Yao

We investigate activities that have different periods of duration. We define the profit intensity as a measure of this economic category. The profit intensity in a repeated trading has a unique property of attaining its maximum at a fixed…

交易与市场微观结构 · 定量金融 2009-11-13 Edward W. Piotrowski , Jan Sladkowski

The energy transition is expected to significantly increase the share of renewable energy sources whose production is intermittent in the electricity mix. Apart from key benefits, this development has the major drawback of generating a…

交易与市场微观结构 · 定量金融 2023-01-30 Thibaut Théate , Antonio Sutera , Damien Ernst

We consider the optimal allocation of generic resources among multiple generic entities of interest over a finite planning horizon, where each entity generates stochastic returns as a function of its resource allocation during each period.…

最优化与控制 · 数学 2017-02-28 Yingdong Lu , Siva Theja Maguluri , Mark S. Squillante , Chai Wah Wu

Product diversity is one of the prominent factors for customers' satisfaction, while from the firms' perspective, the additional engineering costs required for product diversity should not exceed the acquired profits from the increase in…

计算机科学与博弈论 · 计算机科学 2022-10-07 Samira Hossein Ghorban , Bardyaa Hesaam

We consider the problem of multi-product dynamic pricing, in a contextual setting, for a seller of differentiated products. In this environment, the customers arrive over time and products are described by high-dimensional feature vectors.…

机器学习 · 统计学 2020-05-19 Adel Javanmard , Hamid Nazerzadeh , Simeng Shao

This paper studies an open question in the warehouse problem where a merchant trading a commodity tries to find an optimal inventory-trading policy to decide on purchase and sale quantities during a fixed time horizon in order to maximize…

数据结构与算法 · 计算机科学 2023-02-24 Ishan Bansal , Oktay Günlük

In this paper, we consider a multi-stage dynamic assortment optimization problem with multi-nomial choice modeling (MNL) under resource knapsack constraints. Given the current resource inventory levels, the retailer makes an assortment…

最优化与控制 · 数学 2025-11-05 Xi Chen , Mo Liu , Yining Wang , Yuan Zhou

We consider the problem of learning from revealed preferences in an online setting. In our framework, each period a consumer buys an optimal bundle of goods from a merchant according to her (linear) utility function and current prices,…

数据结构与算法 · 计算机科学 2014-12-02 Kareem Amin , Rachel Cummings , Lili Dworkin , Michael Kearns , Aaron Roth