Optimal pricing in e-commerce based on sparse and noisy data

J Bauer, D Jannach - Decision support systems, 2018 - Elsevier
In today's transparent markets, e-commerce providers often have to adjust their prices within
short time intervals, eg, to take frequently changing prices of competitors into account …

Pricing the long tail by explainable product aggregation and monotonic bandits

M Mussi, G Genalti, F Trovò, A Nuara, N Gatti… - Proceedings of the 28th …, 2022 - dl.acm.org
In several e-commerce scenarios, pricing long-tail products effectively is a central task for
the companies, and there is broad agreement that Artificial Intelligence (AI) will play a …

Unimodal thompson sampling for graph-structured arms

S Paladino, F Trovo, M Restelli, N Gatti - Proceedings of the AAAI …, 2017 - ojs.aaai.org
We study, to the best of our knowledge, the first Bayesian algorithm for unimodal Multi-
Armed Bandit (MAB) problems with graph structure. In this setting, each arm corresponds to …

Novel pricing strategies for revenue maximization and demand learning using an exploration–exploitation framework

D Elreedy, AF Atiya, SI Shaheen - Soft Computing, 2021 - Springer
The price demand relation is a fundamental concept that models how price affects the sale
of a product. It is critical to have an accurate estimate of its parameters, as it will impact the …

Dynamic pricing with volume discounts in online settings

M Mussi, G Genalti, A Nuara, F Trovó… - Proceedings of the …, 2023 - ojs.aaai.org
According to the main international reports, more pervasive industrial and business-process
automation, thanks to machine learning and advanced analytic tools, will unlock more than …

Combinatorial Logistic Bandits

X Liu, X Dai, X Wang, M Hajiesmaili, J Lui - arxiv preprint arxiv …, 2024 - arxiv.org
We introduce a novel framework called combinatorial logistic bandits (CLogB), where in
each round, a subset of base arms (called the super arm) is selected, with the outcome of …

A Unified Framework for Bandit Online Multiclass Prediction

W Feng, X Gao, P Zhao, SCH Hoi - IEEE Transactions on …, 2024 - ieeexplore.ieee.org
Bandit online multiclass prediction plays an important role in many real-world applications.
In this paper, we propose a unified framework for it in the fully adversarial setting. This …

[HTML][HTML] Outsmarting human design in airline revenue management

G Gatti Pinheiro, M Defoin-Platel, JC Regin - Algorithms, 2022 - mdpi.com
The accurate estimation of how future demand will react to prices is central to the
optimization of pricing decisions. The systems responsible for demand prediction and …

Multi-armed Bandit Algorithms for Cournot Games

K Taywade, J Goldsmith, B Harrison, A Bagh - 2023 - researchsquare.com
We investigate using a multi-armed bandit (MAB) setting for modeling repeated Cournot
oligopoly games. Agents interact with separate bandit problems. An agent can choose from …

Online Optimization Algorithms in Repeated Price Competition: Equilibrium Learning and Algorithmic Collusion

M Bichler, J Durmann, M Oberlechner - arxiv preprint arxiv:2412.15707, 2024 - arxiv.org
This paper addresses the question of whether or not uncoupled online learning algorithms
converge to the Nash equilibrium in pricing competition or whether they can learn to collude …