Distribution-free pricing

H Chen, M Hu, G Perakis - Manufacturing & Service …, 2022 - pubsonline.informs.org
Problem definition: We study a monopolistic robust pricing problem in which the seller does
not know the customers' valuation distribution for a product but knows its mean and …

Learning consumer preferences from bundle sales data

N Chen, S Farajollahzadeh, G Wang - arXiv preprint arXiv:2209.04942, 2022 - arxiv.org
Product bundling is a common selling mechanism used in online retailing. To set profitable
bundle prices, the seller needs to learn consumer preferences from the transaction data …

Reaping the benefits of bundling under high production costs

W Ma, D Simchi-Levi - International Conference on Artificial …, 2021 - proceedings.mlr.press
It is well-known that selling different goods in a single bundle can significantly increase
revenue. However, bundling is no longer profitable if the goods have high production costs …

Bounds and Heuristics for Multiproduct Pricing

G Gallego, G Berbeglia - Management Science, 2024 - pubsonline.informs.org
For a large class of demand models that allow for multiple consumer types, we present
performance guarantees for simple nonpersonalized pricing heuristics relative to optimal …

Component pricing with a bundle size discount

N Chen, X Li, Z Li, C Wang - Available at SSRN 4032247, 2023 - papers.ssrn.com
Firms selling multiple products usually adopt bundle pricing in their marketing strategy for
the purpose of extracting large consumer surplus. In this paper, we propose and analyze a …

Picking winners: Diversification through portfolio optimization

J Liu, C Liu, CP Teo - Production and Operations …, 2023 - journals.sagepub.com
We develop a general framework for selecting a small pool of candidate solutions to
maximize the chances that one will be optimal for a combinatorial optimization problem …

Bayesian Optimization of Bilevel Problems

O Ekmekcioglu, N Aydin, J Branke - arXiv preprint arXiv:2412.18518, 2024 - arxiv.org
Bilevel optimization, a hierarchical mathematical framework where one optimization problem
is nested within another, has emerged as a powerful tool for modeling complex decision …

Combinatorial inference on the optimal assortment in multinomial logit models

S Shen, X Chen, EX Fang, J Lu - arXiv preprint arXiv:2301.12254, 2023 - arxiv.org
Assortment optimization has received active explorations in the past few decades due to its
practical importance. Despite the extensive literature dealing with optimization algorithms …

Customer-driven Bundle Promotion Optimization at Scale

A Fattahi, Y Li, O Sahin - Johns Hopkins Carey Business School …, 2022 - papers.ssrn.com
Bundle promotions have become increasingly popular among online retailers due to their
potential in increasing revenue and profit. They take various forms depending on how …

Customized Bundle Pricing for Heterogeneous Products

R Mao, S Jia, CP Teo - Available at SSRN 4733821, 2024 - papers.ssrn.com
The existing literature on bundle promotions primarily centers on products with uniform or
negligible costs, often ignoring the intricacies of heterogeneous cost scenarios. This gap is …