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We study a data pricing problem, where a seller has access to $N$ homogeneous data points (e.g. drawn i.i.d. from some distribution). There are $m$ types of buyers in the market, where buyers of the same type $i$ have the same valuation…

机器学习 · 计算机科学 2024-11-05 Keran Chen , Joon Suk Huh , Kirthevasan Kandasamy

We study a demand response problem from utility (also referred to as operator)'s perspective with realistic settings, in which the utility faces uncertainty and limited communication. Specifically, the utility does not know the cost…

最优化与控制 · 数学 2017-08-11 Pan Li , Hao Wang , Baosen Zhang

We consider a novel formulation of the dynamic pricing and demand learning problem, where the evolution of demand in response to posted prices is governed by a stochastic variant of the popular Bass model with parameters $\alpha, \beta$…

机器学习 · 计算机科学 2021-03-10 Shipra Agrawal , Steven Yin , Assaf Zeevi

Inspired by real-time ad exchanges for online display advertising, we consider the problem of inferring a buyer's value distribution for a good when the buyer is repeatedly interacting with a seller through a posted-price mechanism. We…

机器学习 · 计算机科学 2013-11-28 Kareem Amin , Afshin Rostamizadeh , Umar Syed

In this paper, the problem of optimal dynamic pricing for retail electricity with an unknown demand model is considered. Under the day-ahead dynamic pricing (a.k.a. real time pricing) mechanism, a retailer obtains electricity in a…

最优化与控制 · 数学 2014-04-07 Liyan Jia , Lang Tong , Qing Zhao

We consider a firm that sells a large number of products to its customers in an online fashion. Each product is described by a high dimensional feature vector, and the market value of a product is assumed to be linear in the values of its…

计算机科学与博弈论 · 计算机科学 2017-04-26 Adel Javanmard

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

We study the problem of learning shared structure \emph{across} a sequence of dynamic pricing experiments for related products. We consider a practical formulation where the unknown demand parameters for each product come from an unknown…

机器学习 · 计算机科学 2021-01-07 Hamsa Bastani , David Simchi-Levi , Ruihao Zhu

We study the dynamic pricing problem with knapsack, addressing the challenge of balancing exploration and exploitation under resource constraints. We introduce three algorithms tailored to different informational settings: a Boundary…

最优化与控制 · 数学 2025-01-27 Ruicheng Ao , Jiashuo Jiang , David Simchi-Levi

Firms that price perishable resources -- airline seats, hotel rooms, seasonal inventory -- now routinely use demand predictions, but these predictions vary widely in quality. Under hard capacity constraints, acting on an inaccurate…

最优化与控制 · 数学 2026-03-27 Ruicheng Ao , Jiashuo Jiang , David Simchi-Levi

We study an online learning problem on dynamic pricing and resource allocation, where we make joint pricing and inventory decisions to maximize the overall net profit. We consider the stochastic dependence of demands on the price, which…

机器学习 · 计算机科学 2025-05-23 Jianyu Xu , Xuan Wang , Yu-Xiang Wang , Jiashuo Jiang

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

The $\textit{data market design}$ problem is a problem in economic theory to find a set of signaling schemes (statistical experiments) to maximize expected revenue to the information seller, where each experiment reveals some of the…

计算机科学与博弈论 · 计算机科学 2023-11-01 Sai Srivatsa Ravindranath , Yanchen Jiang , David C. Parkes

This paper investigates the impact of pre-existing offline data on online learning, in the context of dynamic pricing. We study a single-product dynamic pricing problem over a selling horizon of $T$ periods. The demand in each period is…

机器学习 · 计算机科学 2021-11-18 Jinzhi Bu , David Simchi-Levi , Yunzong Xu

We consider dynamic pricing with covariates under a generalized linear demand model: a seller can dynamically adjust the price of a product over a horizon of $T$ time periods, and at each time period $t$, the demand of the product is…

机器学习 · 计算机科学 2023-11-14 Hanzhao Wang , Kalyan Talluri , Xiaocheng Li

We study the dynamic pricing and replenishment problems under inconsistent decision frequencies. Different from the traditional demand assumption, the discreteness of demand and the parameter within the Poisson distribution as a function of…

机器学习 · 计算机科学 2024-10-29 Yi Zheng , Zehao Li , Peng Jiang , Yijie Peng

We study the dynamic assortment planning problem, where for each arriving customer, the seller offers an assortment of substitutable products and customer makes the purchase among offered products according to an uncapacitated multinomial…

机器学习 · 统计学 2019-02-11 Xi Chen , Yining Wang , Yuan Zhou

We study the dynamic pricing problem faced by a monopolistic retailer who sells a storable product to forward-looking consumers. In this framework, the two major pricing policies (or mechanisms) studied in the literature are the…

计算机科学与博弈论 · 计算机科学 2018-06-06 Gerardo Berbeglia , Gautam Rayaprolu , Adrian Vetta

In this paper, we consider the problem of learning online to manage Demand Response (DR) resources. A typical DR mechanism requires the DR manager to assign a baseline to the participating consumer, where the baseline is an estimate of the…

机器学习 · 计算机科学 2023-03-29 Deepan Muthirayan , Pramod P. Khargonekar

We consider systems that require timely monitoring of sources over a communication network, where the cost of delayed information is unknown, time-varying and possibly adversarial. For the single source monitoring problem, we design…

网络与互联网体系结构 · 计算机科学 2021-05-31 Vishrant Tripathi , Eytan Modiano