4 research outputs found
Optimal Design of Robust Combinatorial Mechanisms for Substitutable Goods
In this paper we consider multidimensional mechanism design problem for
selling discrete substitutable items to a group of buyers. Previous work on
this problem mostly focus on stochastic description of valuations used by the
seller. However, in certain applications, no prior information regarding
buyers' preferences is known. To address this issue, we consider uncertain
valuations and formulate the problem in a robust optimization framework: the
objective is to minimize the maximum regret. For a special case of
revenue-maximizing pricing problem we present a solution method based on
mixed-integer linear programming formulation
A cloud driven dynamic pricing system for retail companies
This project develops a dynamic pricing framework over a cloud based architecture, being scalable and highly configurable, considering the great cardinality of the solution in terms of the analytic models to build and apply. This architecture was defined using AWS and Terraform, ensuring an easy deployment agnostic to the client's infrastructure. The dynamic optimization of the prices is achieved by combining the training of a sales prediction model and the execution of a discount combination optimizer. The framework tries to be as general as possible in order to be easily adaptable to any given client. We provide general interfaces that can be reimplemented if the default implementations are not suitable for a given project. We performed simulations with data from a real client from the fashion retail sector, and the results obtained were promising, suggesting an improvement in the company's revenue