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作者：W., Martijn; Borm, Peter; Kort, Peter M.
作者单位：Tilburg University
摘要：This article may be used only for the purposes of research, teaching, and/or private study. Commercial use or systematic downloading (by robots or other automatic processes) is prohibited without explicit Publisher approval, unless otherwise noted. For more information, contact permissions@informs.org. The Publisher does not warrant or guarantee the article's accuracy, completeness, merchantability, fitness inclusion of an advertisement in this article, neither constitutes nor implies a guaran...
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作者：Sun, Hailong; Li, Xiaobo; Teo, Chung-Piaw
作者单位：Shanghai Jiao Tong University; National University of Singapore; National University of Singapore; National University of Singapore
摘要：Product bundling is a widely used selling strategy among multiproduct firms, yet designing and pricing bundles optimally remain a complex challenge. This paper addresses this fundamental issue by exploring the selection and pricing of a single bundle from a range of products. For instance, in the single bundle with the rest (SBR) framework, the bundle is optimally chosen and priced, whereas the remaining products are offered individually, collectively maximizing profit. We show that the SBR op...
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作者：Wu, Zerui; Liu, Ran; Sun, Xu
作者单位：Shanghai Jiao Tong University; University of Miami
摘要：We study dynamic pricing and resource allocation in large-scale service systems where multiple service units serve customers who are both price and delay sensitive. Customers are segmented into classes characterized by class-specific service rates and demand functions shaped by posted prices and estimated delays. To jointly optimize revenue and delay performance, we propose a family of state-dependent greedy heuristics that (i) assign dedicated service capacities to each customer class, and (i...
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作者：Wang, Yining; Liu, Quanquan
作者单位：University of Texas System; University of Texas Dallas
摘要：Personalized pricing with contextual information is a widespread practice in a number of revenue management problems. A pricing algorithm or platform utilizes users' personal data to make the most profitable pricing decisions, which could vary among individuals. In this paper, we study the question of estimating a contextual demand regression model with high-dimensional data, incorporating an unknown, nonparametric pricing function that acts as a confounding term to the demand model. We propos...
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作者：Birge, John R.; Chen, Hongfan (Kevin); Keskin, N. Bora
作者单位：University of Chicago; Chinese University of Hong Kong; Duke University
摘要：We consider the markdown pricing problem of a firm that sells a product to a mixture of myopic and forward-looking customers. The firm faces uncertainty about the customers' forward-looking behavior, arrival pattern, and valuations for the product, which we collectively refer to as the demand model. Over a multiperiod selling season, the firm sequentially marks down the product's price and makes demand observations to learn about the underlying demand model. Because forward-looking customers c...
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作者：Jiang, Jiashuo; Ma, Will; Zhang, Jiawei
作者单位：Hong Kong University of Science & Technology; Columbia University; Columbia University; New York University
摘要：Prophet inequalities are a useful tool for designing online allocation procedures and comparing their performance to the optimal offline allocation. In the basic setting of k-unit prophet inequalities, a well-known procedure with its celebrated performance guarantee of 1-1 root k+3 has found widespread adoption in mechanism design and general online allocation problems in online advertising, healthcare scheduling, and revenue management. Despite being commonly used to derive approximately opti...
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作者：Liu, Hong; Qian, Shuaijie; Xu, Jing
作者单位：Washington University (WUSTL); Hong Kong University of Science & Technology; Renmin University of China
摘要：The effective transaction cost rate (TCR) incurred by a large trade often depends on the execution speed. We propose a continuous-time workhorse model to study optimal trading strategies with speed-dependent TCRs. The TCR function is flexible enough for approximating general TCR functions of trading speeds. Applying our framework to order execution problems, we theoretically characterize the structure of the optimal trading strategy and numerically analyze it extensively after calibration. Whe...
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作者：Federgruen, Awi; Feng, Qi; Shanthikumar, George
作者单位：Columbia University; Purdue University System; Purdue University
摘要：With extended supply chains and increased global sourcing, the uncertainty in supply streams has become a major consideration in formulating procurement strategies. Many studies in the existing literature characterize the optimal procurement policies under specific assumptions of the supply and demand distributions. In several special cases, a threshold policy or an almost threshold policy is shown to be optimal. A recent study by Feng and Shathikumar [Feng Q, Shanthikumar JG (2018) Supply and...
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作者：Atkinson, Michael; Kress, Moshe
作者单位：United States Department of Defense; United States Navy; Naval Postgraduate School
摘要：The increasing prevalence of missiles and drones (hereafter referred to as threats) in attacks by both state and nonstate actors highlights the critical need for a robust defense system to counter these threats. We develop a combat model for the engagement between a Blue defender who is subject to repeated attacks by Red threats. The defender employs two types of defenses: hard interceptors, such as antiballistic missiles, and soft measures, such as directedenergy weapons and jamming. Employin...
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作者：Shen, Haoming; Jiang, Ruiwei
作者单位：University of Arkansas System; University of Arkansas Fayetteville; University of Michigan System; University of Michigan
摘要：Chance constraints yield nonconvex feasible regions in general. In particular, when the uncertain parameters are modeled by a Wasserstein ball, existing studies showed that the distributionally robust (pessimistic) chance constraint admits a mixed-integer conic representation. This paper identifies sufficient conditions that lead to convex feasible regions of chance constraints with Wasserstein ambiguity. First, when uncertainty arises from the right-hand side of a pessimistic joint chance con...
