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We study mechanisms for selling a single item when buyers have private costs for participating in the mechanism. An agent's participation cost can also be interpreted as an outside option value that she must forego to participate. This…

计算机科学与博弈论 · 计算机科学 2023-11-07 Yannai A. Gonczarowski , Nicole Immorlica , Yingkai Li , Brendan Lucier

We study the problem of multi-dimensional revenue maximization when selling $m$ items to a buyer that has additive valuations for them, drawn from a (possibly correlated) prior distribution. Unlike traditional Bayesian auction design, we…

计算机科学与博弈论 · 计算机科学 2022-04-29 Yiannis Giannakopoulos , Diogo Poças , Alexandros Tsigonias-Dimitriadis

In automated decision making processes in the online fashion industry, the 'predict-then-optimize' paradigm is frequently applied, particularly for markdown pricing strategies. This typically involves a mixed-integer optimization step,…

Pricing decisions of companies require an understanding of the causal effect of a price change on the demand. When real-life pricing experiments are infeasible, data-driven decision-making must be based on alternative data sources such as…

应用统计 · 统计学 2024-07-03 Lauri Valkonen , Santtu Tikka , Jouni Helske , Juha Karvanen

We study the envy free pricing problem faced by a seller who wishes to maximize revenue by setting prices for bundles of items. If there is an unlimited supply of items and agents are single minded then we show that finding the revenue…

计算机科学与博弈论 · 计算机科学 2016-09-08 Amos Fiat , Amiram Wingarten

Online platforms often incentivize consumers to improve user engagement and platform revenue. Since different consumers might respond differently to incentives, individual-level budget allocation is an essential task in marketing campaigns.…

机器学习 · 计算机科学 2023-02-10 Ziang Yan , Shusen Wang , Guorui Zhou , Jingjian Lin , Peng Jiang

This study explores the enhancement of customer satisfaction in the airline industry, a critical factor for retaining customers and building brand reputation, which are vital for revenue growth. Utilizing a combination of machine learning…

机器学习 · 计算机科学 2024-05-16 Tejas Mirthipati

Randomized mechanisms, which map a set of bids to a probability distribution over outcomes rather than a single outcome, are an important but ill-understood area of computational mechanism design. We investigate the role of randomized…

计算机科学与博弈论 · 计算机科学 2009-04-17 Patrick Briest , Shuchi Chawla , Robert Kleinberg , S. Matthew Weinberg

A fundamental assumption in classical mechanism design is that buyers are perfect optimizers. However, in practice, buyers may be limited by their computational capabilities or a lack of information, and may not be able to perfectly…

理论经济学 · 经济学 2022-03-28 Santiago Balseiro , Omar Besbes , Francisco Castro

In this article, we present the development of a two-step optimization framework to deal with the design and selection of aircraft departure routes and the allocation of flights among these routes. The aim of the framework is to minimize…

计算工程、金融与科学 · 计算机科学 2019-08-30 V. Ho-Huu , S. Hartjes , H. G. Visser , R. Curran

Single-leg revenue management is a foundational problem of revenue management that has been particularly impactful in the airline and hotel industry: Given $n$ units of a resource, e.g. flight seats, and a stream of sequentially-arriving…

计算机科学与博弈论 · 计算机科学 2023-06-26 Santiago Balseiro , Christian Kroer , Rachitesh Kumar

Tandem queueing systems are widely-used stochastic models that arise from many real-life service operations systems. Motivated by the desire to understand the trade-off between the performance and complexity of policies for…

最优化与控制 · 数学 2018-04-25 Tonghoon Suk , Xinchang Wang

Price discrimination, which refers to the strategy of setting different prices for different customer groups, has been widely used in online retailing. Although it helps boost the collected revenue for online retailers, it might create…

机器学习 · 计算机科学 2023-07-31 Xi Chen , Jiameng Lyu , Xuan Zhang , Yuan Zhou

The International Air Transport Association (IATA) states that the revenue from interline tickets must be shared among the different airlines according to a weighted system. We analyze this problem following an axiomatic approach, and our…

理论经济学 · 经济学 2025-12-12 Gustavo Bergantiños , Leticia Lorenzo

Motivated by applications in online marketplaces such as ride-hailing platforms and payment channel networks, we study a single-server queue with state-dependent arrival control. The service operator dynamically chooses the arrival rate as…

最优化与控制 · 数学 2026-02-03 Tianze Qu , Sushil Mahavir Varma

We consider the problem of choosing prices of a set of products so as to maximize profit, taking into account self-elasticity and cross-elasticity, subject to constraints on the prices. We show that this problem can be formulated as…

最优化与控制 · 数学 2026-04-30 Maximilian Schaller , Stephen Boyd

Uplift models support decision-making in marketing campaign planning. Estimating the causal effect of a marketing treatment, an uplift model facilitates targeting communication to responsive customers and efficient allocation of marketing…

机器学习 · 计算机科学 2019-11-21 Robin M. Gubela , Stefan Lessmann , Szymon Jaroszewicz

This paper is based on a crucial issue in the aviation world: how to optimize the trajectory and controls given to the aircraft in order to optimize flight time and fuel consumption. This study aims to provide elements of a response to this…

最优化与控制 · 数学 2024-08-15 Gaofeng Su , Xi Cheng , Siyuan Feng , Ke Liu , Jilin Song , Jianan Chen , Chen Zhu , Hui Lin

We consider the problem of designing an expected-revenue maximizing mechanism for allocating multiple non-perishable goods of $k$ varieties to flexible consumers over $T$ time steps. In our model, a random number of goods of each variety…

计算机科学与博弈论 · 计算机科学 2020-07-08 Shiva Navabi , Ashutosh Nayyar

Product ranking is the core problem for revenue-maximizing online retailers. To design proper product ranking algorithms, various consumer choice models are proposed to characterize the consumers' behaviors when they are provided with a…

机器学习 · 计算机科学 2023-01-03 Renzhe Xu , Xingxuan Zhang , Bo Li , Yafeng Zhang , Xiaolong Chen , Peng Cui