Frontiers in Service Science: Data-Driven Revenue Management: The Interplay of Data, Model, and Decisions
Revenue management (RM) is the application of analytical methodologies and tools that
predict consumer behavior and optimize product availability and prices to maximize a firm's …
predict consumer behavior and optimize product availability and prices to maximize a firm's …
Optimal and differentially private data acquisition: Central and local mechanisms
We consider a platform's problem of collecting data from privacy sensitive users to estimate
an underlying parameter of interest. We formulate this question as a Bayesian-optimal …
an underlying parameter of interest. We formulate this question as a Bayesian-optimal …
Differential privacy in personalized pricing with nonparametric demand models
In recent decades, the advance of information technology and abundant personal data
facilitate the application of algorithmic personalized pricing. However, this leads to the …
facilitate the application of algorithmic personalized pricing. However, this leads to the …
A novel two-stage dynamic pricing model for logistics planning using an exploration–exploitation framework: A multi-armed bandit problem
Dynamic pricing is utilized as a tool for determining pricing strategies in different sectors,
such as the food industries, airline companies, and transportation services. Dynamic pricing …
such as the food industries, airline companies, and transportation services. Dynamic pricing …
On private and robust bandits
We study private and robust multi-armed bandits (MABs), where the agent receives Huber's
contaminated heavy-tailed rewards and meanwhile needs to ensure differential privacy. We …
contaminated heavy-tailed rewards and meanwhile needs to ensure differential privacy. We …
The framework of parametric and nonparametric operational data analytics
This paper introduces the general philosophy of the Operational Data Analytics (ODA)
framework for data‐based decision modeling. The fundamental development of this …
framework for data‐based decision modeling. The fundamental development of this …
Policy optimization using semiparametric models for dynamic pricing
In this article, we study the contextual dynamic pricing problem where the market value of a
product is linear in its observed features plus some market noise. Products are sold one at a …
product is linear in its observed features plus some market noise. Products are sold one at a …
Develo** operations management data analytics
In this article, we describe representative contributions in several major application areas of
data analytics in operations management to summarize the recent development, discuss the …
data analytics in operations management to summarize the recent development, discuss the …
Optimal policies for dynamic pricing and inventory control with nonparametric censored demands
We study the classic model of joint pricing and inventory control with lost sales over T
consecutive review periods. The firm does not know the demand distribution a priori and …
consecutive review periods. The firm does not know the demand distribution a priori and …
Evaluating differential pricing in e-commerce from the perspective of utility
Differential pricing in e-commerce has sparked discussions about price discrimination.
However, due to the difficulty in measuring consumers' satisfaction with different prices for …
However, due to the difficulty in measuring consumers' satisfaction with different prices for …