Matches in SemOpenAlex for { <https://semopenalex.org/work/W2514723904> ?p ?o ?g. }
- W2514723904 abstract "We develop an estimation and optimization framework for the multi-product pricing problem by exploiting the properties of the marginal distributions of the random utilities in discrete choice models. We provide a novel interpretation of the marginal distribution choice model from a robust optimization viewpoint where the modeler evaluates the choice probabilities assuming a worst-case realization of the utilities of the products in a budgeted uncertainty set. Moreover, we show that the multi-product pricing problem under this robust choice model is a convex optimization problem when the marginal distributions are log-concave. Multinomial Logit and the Nested Logit models are special cases of this model.We use this approach to address partially the problem of model identification in choice modeling. Instead of presupposing the structural forms of the consumer’s utility functions, we use experimentations to guide us to the appropriate marginal distribution models for the pricing problems. More specifically, we develop a data-driven linear program to estimate the marginal distributions from a set of price experiments and to find the optimal prices. Mixed Integer Linear Programming models can be used to find the prices when side constraints are present. Tests using both simulated data and real data from the automobile industry illustrates the benefits of the “marginal estimation price optimization” approach." @default.
- W2514723904 created "2016-09-16" @default.
- W2514723904 creator A5019311010 @default.
- W2514723904 creator A5020776350 @default.
- W2514723904 creator A5065802014 @default.
- W2514723904 creator A5076984563 @default.
- W2514723904 date "2016-08-28" @default.
- W2514723904 modified "2023-09-28" @default.
- W2514723904 title "A Representative Consumer Model in Data-Driven Multi-Product Pricing Optimization" @default.
- W2514723904 cites W1730590876 @default.
- W2514723904 cites W1970538402 @default.
- W2514723904 cites W1971583973 @default.
- W2514723904 cites W1978907431 @default.
- W2514723904 cites W2004548680 @default.
- W2514723904 cites W2005270074 @default.
- W2514723904 cites W2013077898 @default.
- W2514723904 cites W2029050771 @default.
- W2514723904 cites W2029778575 @default.
- W2514723904 cites W2081439060 @default.
- W2514723904 cites W2096913736 @default.
- W2514723904 cites W2098763115 @default.
- W2514723904 cites W2100076918 @default.
- W2514723904 cites W2102037914 @default.
- W2514723904 cites W2102838459 @default.
- W2514723904 cites W2107308405 @default.
- W2514723904 cites W2111084117 @default.
- W2514723904 cites W2120371963 @default.
- W2514723904 cites W2120586050 @default.
- W2514723904 cites W2127201883 @default.
- W2514723904 cites W2129589037 @default.
- W2514723904 cites W2133681842 @default.
- W2514723904 cites W2137344397 @default.
- W2514723904 cites W2144425834 @default.
- W2514723904 cites W2156307401 @default.
- W2514723904 cites W2157998899 @default.
- W2514723904 cites W2159404474 @default.
- W2514723904 cites W2164045487 @default.
- W2514723904 cites W2212120931 @default.
- W2514723904 cites W2367814783 @default.
- W2514723904 cites W2601046487 @default.
- W2514723904 cites W2608906690 @default.
- W2514723904 cites W2742122524 @default.
- W2514723904 cites W2774644863 @default.
- W2514723904 cites W3122066005 @default.
- W2514723904 cites W3122405747 @default.
- W2514723904 cites W3122879329 @default.
- W2514723904 cites W3123704382 @default.
- W2514723904 cites W3123781182 @default.
- W2514723904 cites W3124424817 @default.
- W2514723904 hasPublicationYear "2016" @default.
- W2514723904 type Work @default.
- W2514723904 sameAs 2514723904 @default.
- W2514723904 citedByCount "2" @default.
- W2514723904 countsByYear W25147239042021 @default.
- W2514723904 crossrefType "journal-article" @default.
- W2514723904 hasAuthorship W2514723904A5019311010 @default.
- W2514723904 hasAuthorship W2514723904A5020776350 @default.
- W2514723904 hasAuthorship W2514723904A5065802014 @default.
- W2514723904 hasAuthorship W2514723904A5076984563 @default.
- W2514723904 hasConcept C105795698 @default.
- W2514723904 hasConcept C117568660 @default.
- W2514723904 hasConcept C119857082 @default.
- W2514723904 hasConcept C122123141 @default.
- W2514723904 hasConcept C126255220 @default.
- W2514723904 hasConcept C137836250 @default.
- W2514723904 hasConcept C149782125 @default.
- W2514723904 hasConcept C151956035 @default.
- W2514723904 hasConcept C162324750 @default.
- W2514723904 hasConcept C165216359 @default.
- W2514723904 hasConcept C175444787 @default.
- W2514723904 hasConcept C177264268 @default.
- W2514723904 hasConcept C190669063 @default.
- W2514723904 hasConcept C193254401 @default.
- W2514723904 hasConcept C199360897 @default.
- W2514723904 hasConcept C2524010 @default.
- W2514723904 hasConcept C33923547 @default.
- W2514723904 hasConcept C41008148 @default.
- W2514723904 hasConcept C66887028 @default.
- W2514723904 hasConcept C90673727 @default.
- W2514723904 hasConcept C95057490 @default.
- W2514723904 hasConceptScore W2514723904C105795698 @default.
- W2514723904 hasConceptScore W2514723904C117568660 @default.
- W2514723904 hasConceptScore W2514723904C119857082 @default.
- W2514723904 hasConceptScore W2514723904C122123141 @default.
- W2514723904 hasConceptScore W2514723904C126255220 @default.
- W2514723904 hasConceptScore W2514723904C137836250 @default.
- W2514723904 hasConceptScore W2514723904C149782125 @default.
- W2514723904 hasConceptScore W2514723904C151956035 @default.
- W2514723904 hasConceptScore W2514723904C162324750 @default.
- W2514723904 hasConceptScore W2514723904C165216359 @default.
- W2514723904 hasConceptScore W2514723904C175444787 @default.
- W2514723904 hasConceptScore W2514723904C177264268 @default.
- W2514723904 hasConceptScore W2514723904C190669063 @default.
- W2514723904 hasConceptScore W2514723904C193254401 @default.
- W2514723904 hasConceptScore W2514723904C199360897 @default.
- W2514723904 hasConceptScore W2514723904C2524010 @default.
- W2514723904 hasConceptScore W2514723904C33923547 @default.
- W2514723904 hasConceptScore W2514723904C41008148 @default.
- W2514723904 hasConceptScore W2514723904C66887028 @default.
- W2514723904 hasConceptScore W2514723904C90673727 @default.