Frontiers in Service Science: Data-Driven Revenue Management: The Interplay of Data, Model, and Decisions

N Chen, M Hu - Service Science, 2023 - pubsonline.informs.org
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 …

Optimal and differentially private data acquisition: Central and local mechanisms

A Fallah, A Makhdoumi, A Malekian… - Operations …, 2024 - pubsonline.informs.org
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 …

Differential privacy in personalized pricing with nonparametric demand models

X Chen, S Miao, Y Wang - Operations Research, 2023 - pubsonline.informs.org
In recent decades, the advance of information technology and abundant personal data
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

M Tajik, BM Tosarkani, A Makui, R Ghousi - Expert Systems with …, 2024 - Elsevier
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 …

On private and robust bandits

Y Wu, X Zhou, Y Tao, D Wang - Advances in Neural …, 2023 - proceedings.neurips.cc
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 …

The framework of parametric and nonparametric operational data analytics

Q Feng, JG Shanthikumar - Production and Operations …, 2023 - journals.sagepub.com
This paper introduces the general philosophy of the Operational Data Analytics (ODA)
framework for data‐based decision modeling. The fundamental development of this …

Policy optimization using semiparametric models for dynamic pricing

J Fan, Y Guo, M Yu - Journal of the American Statistical Association, 2024 - Taylor & Francis
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 …

Develo** operations management data analytics

Q Feng, JG Shanthikumar - Production and Operations …, 2022 - journals.sagepub.com
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 …

Optimal policies for dynamic pricing and inventory control with nonparametric censored demands

B Chen, Y Wang, Y Zhou - Management Science, 2024 - pubsonline.informs.org
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 …

Evaluating differential pricing in e-commerce from the perspective of utility

G Han, Z Feng, S Chen, X Xue, H Wu - Electronic Commerce Research and …, 2024 - Elsevier
Differential pricing in e-commerce has sparked discussions about price discrimination.
However, due to the difficulty in measuring consumers' satisfaction with different prices for …