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Dynamic Pricing with Volume Discounts in Online Settings. (arXiv:2211.09612v1 [cs.LG])
Nov. 18, 2022, 2:11 a.m. | Marco Mussi, Gianmarco Genalti, Alessandro Nuara, Francesco Trovò, Marcello Restelli, Nicola Gatti
cs.LG updates on arXiv.org arxiv.org
According to the main international reports, more pervasive industrial and
business-process automation, thanks to machine learning and advanced analytic
tools, will unlock more than 14 trillion USD worldwide annually by 2030. In the
specific case of pricing problems-which constitute the class of problems we
investigate in this paper-, the estimated unlocked value will be about 0.5
trillion USD per year. In particular, this paper focuses on pricing in
e-commerce when the objective function is profit maximization and only
transaction data …
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