Optimization in the Private Value Model: Competitive Analysis Applied to Auction Design by Jason D. Hartline Chair of Supervisory Committee: Professor Anna R. Karlin Computer Science and Engineering We consider the study of a class of optimization problems with applications towards profit maximization. One feature of the classical treatment of optimization problems is that the space over which ...

Evolutionary multi-objective optimization (EMO) found applications in all fields of science and engineering. Chemical engineering discipline is no exception. Literature abounds on EMO with a variety algorithms proposed by few dedicated researchers. The Nondominated Sorting Genetic Algorithm (NSGA-III) the latest addition to family EMO. NSGA-III claims have solved multi many-objective problems u...

We study the impact of Best Buy’s recent price-matching policy on the price competition between Best Buy and Amazon, and examine whether the policy can defeat consumers’ showrooming behavior. We first empirically explore Best Buy’s and Amazon’s pricing patterns by using unique datasets collected from different sources. We find that both retailers reacted to the new policy; Best Buy and Amazon a...

Retailers, from fashion stores to grocery stores, have to decide what range of products to offer (assortment planning) and what prices to charge (price optimization). New business trends, such as mass customization and shorter product life cycles, make predicting demand more difficult, which in turn complicates assortment planning and price optimization. We propose and study a stochastic dynami...

The rise of the Internet has revolutionized the manner in which retailers operate. The early stages of the dot com era allowed businesses to experiment with different business models. Internet retailers focused on front-end activities, overlooking the importance of back-end operations such as supply chain management. Retailers have the option to distribute their products via the traditional met...

closed-loop supply chain network design is a critical issue due to its impact on both economic and environmental performances of the supply chain. in this paper, we address the problem of designing a multi-echelon, multi-product and capacitated closed-loop supply chain network. first, a mixed-integer linear programming formulation is developed to maximize the total profit. the main contribution...

this study analyzed the performance of cabbage marketing in abia state, nigeria. specifically the study sought to: describe socio-economic characteristics of cabbage marketers; identify marketing channels of cabbage; determine marketing cost components of cabbage marketers; determine marketing margins, market share and marketing efficiency of cabbage marketers; and determine socio-economic fact...

applying robust optimization to solve product mix problem in automotive industries in this article, applying robust optimization in product mix problem in automotive industries is presented. the problem includes determining both the quantity and the identification of each product to produce to maximize profit. at first, the deterministic model will be presented. then, robust model of product mi...

Pricing is one of the major components businesses. Retailers have adopted different pricing modes due to need devise sustainable strategies. This reasons for development psychological pricing. Psychological has adverse effects on Muslim retailers and consumers their involvement in zulm (deception). Therefore, this study examined implications Nigeria. The paper qualitative analytical methods. me...