Dynamic pricing is a pricing strategy where a firm adjust the price for their products and services as a function of its perceived demand at different times. In this paper, we show how Evolutionary algorithms (EA) can be used to analyse the effect of demand uncertainty in dynamic pricing. The experiments are conducted in a range of dynamic pricing problems considering a number of different stoc...

The Internet is changing the automotive industry as the traditional manufacturer and dealer structure faces increased threats from third party e-tailers. Dynamic pricing together with the Direct-to-Customer business model can be used by manufacturers to respond to these challenges. Indeed, by coordinating production and inventory decisions with dynamic pricing, the automotive industry can incre...

Bilgi teknolojilerindeki gelişmeler ve alışveriş faaliyetlerinin çevrimiçi ortamlarda daha fazla gerçekleştirilmesiyle birlikte, işletmeler, kazançlarını artırmak amacıyla algoritmik fiyatlandırma olarak adlandırılan gerçek zamanlı mekanizmalarını kullanmaya başlamışlardır. Bu çalışmada yöntemleri olan kişiselleştirilmiş ile dinamik uygulamalarına yönelik tüketicilerin fiyat adaleti algısı, duy...

We apply the default density framework developed in El Karoui et al. [8] to modelling of multiple defaults, which can be adapted to both top-down and bottom-up models. We present general pricing results and establish links with the classical intensity approach. Explicit models are also proposed by using the methods of change of probability measure or dynamic copula.

Virtually all manufacturing and service industries are susceptible to periods of supply and demand mismatches. Due to capacity limitations and demand uncertainties, firms producing multiple products may frequently encounter instances where one of their products faces shortages while the other has excess inventories. In order to alleviate the level of such inventory mismatches, several tools may...

Dynamic energy pricing is a promising development that addresses the concern of finding an environmentally friendly solution to meeting energy needs of customers while minimizing their electrical energy bill. In this paper, we mathematically formulate the electrical energy bill minimization problem for cooperative networked consumers who have a single energy bill, such as those working in a com...