and others for their valuable comments during the development and revision of this manuscript. 1 This paper is a substantial extension of the earlier paper, " Number and Competitors and Dynamic Stability of Competition: Five is a Crowd in the Market Share Attraction Model. " This paper replaces and extends the previous one. Abstract As economists have increasingly accepted the notion that non-e...

This paper provides efficient solutions to maximize profit for commercial ridesharing services, under a pricing model with detour-based discounts for passengers. We propose greedy heuristics for real-time ride matching that offer different trade-offs between optimality and speed. Simulations on New York City (NYC) taxi trip data show that our heuristics are up to 90% optimal and 10 times faster...

In this paper, we deal with the problem of maximizing the profit of Network Operators (NOs) of green cellular networks in situations where Quality-of-Service (QoS) guarantees must be ensured to users, and Base Stations (BSs) can be shared among different operators. We show that if NOs cooperate among them, by mutually sharing their users and BSs, then each one of them can improve its net profit...

The paper considers a bidirectional power flow model of the electric vehicles (EVs) in a charging station. The EVs can inject energies by discharging via a Vehicle-to-Grid (V2G) service which can enhance the profits of the charging station. However, frequent charging and discharging degrade battery life. A proper compensation needs to be paid to the users to participate in the V2G service. We p...

Virtual Network Operators lease bandwidth from different data carriers to offer well managed Virtual Private Networks. By using proprietary algorithms and leased resource diversity they can offer Quality of Service, at competitive prices, which is difficult to attain from traditional data network operators. Since maximizing the profit is a key objective for virtual network operators, in this pa...

the control problem and dynamic programming is a powerful tool in economics and management. we review the dynamic programming problem from its beginning up to its present stages. a problem which was involved in physics and mathematics in i 7” century led to a branch of mathematics called calculus of variation which was used in economic, and management at the end of the first quarter of the 20” ...

We model consumer behavior such as web browsing, shopping, and entertainment choices as random walks on a weighted association graph. The graph is derived from a relational database that links products, consumers, and attributes such as product categories, consumer demographics, market segments, etc. The Markov chain that describes this walk amalgamates consumer behavior over the whole populati...

In this paper we use the Generalised Population Based Incremental Learning (GPBIL) in order to find profit-maximizing strategies for the Artificial Payment Card Market (APCM). The artificial market has modeled explicitly a multidimensional consumers’ and merchants’ demand for payment instruments. Given the complex shape of the demand, we have found that the GPBIL effectively explores the areas ...

We consider the problem of packing squares with profits into a bounded square region so as to maximize their total profit. More specifically, given a set L of n squares with positive profits, it is required to pack a subset of them into a unit size square region [0;1℄ [0;1℄ so that the total profit of the squares packed is maximized. For any given positive accuracy ε > 0, we present an algorith...

This paper shows how the notion of value of cooperation, a measure of the percentage of a firm’s profits due strictly to the cooperative effects among the goods it sells, can be used to analyze the relative economic advantage afforded by various organizational structures. The value of cooperation is computed from transactions data by solving a regression problem to fit the parameters of the con...