Optimal Pricing in a Rented 5G Infrastructure Scenario with Sticky Customers

Optimal Dynamic Pricing with Patient Customers

We consider an infinite-horizon single-product pricing problem in which a fraction of customers is patient and the remaining fraction is impatient. A patient customer will wait up to some fixed number of time periods for the price of the product to fall below his or her valuation at which point the customer will make a purchase. If the price does not fall below a patient customer's valuation at...

Optimal Electricity Pricing for Societal Infrastructure Systems

We develop a general framework for pricing electricity in order to optimally manage the electricity load of societal infrastructures that interact with power systems through their price-responsive electricity load. In such infrastructure systems, electricity is not the sole resource needed to serve users’ needs. Examples include cloud computing infrastructure or electric transportation networks...

PROGRAMMING AND OPTIMAL PRICING OF INFRASTRUCTURE IN PPPs

On stackelberg pricing with computationally bounded customers

In Stackelberg pricing a leader sets prices for items in order to maximize revenue from a follower purchasing a feasible subset of items. We consider computationally bounded followers who cannot optimize exactly over the range of all feasible subsets, but who apply publicly known algorithms to determine the items to purchase. This corresponds to general multi-dimensional pricing when customers ...

Adaptive Pricing for Customers with Probabilistic Valuations

In this paper, we examine the problem of choosing discriminatory prices for customers with probabilistic valuations and a seller with indistinguishable copies of a good. We show that under certain assumptions this problem can be reduced to the continuous knapsack problem (CKP). We present a new fast ǫ-optimal algorithm for solving CKP instances with asymmetric concave reward functions. We also ...