Dynamic Pricing Decisions and Seller-Buyer Interactions under Capacity Constraints

Buyer to Seller Recommendation under Constraints

The majority of recommender systems are designed to recommend items (such as movies and products) to users. We focus on the problem of recommending buyers to sellers which comes with new challenges: (1) constraints on the number of recommendations buyers are part of before they become overwhelmed, (2) constraints on the number of recommendations sellers receive within their budget, and (3) cons...

Integrating Dynamic Pricing and Replenishment Decisions Under Supply Capacity Uncertainty

This paper examines an integrated decision-making process regarding pricing for uncertain demand and sourcing from uncertain supply, which are often studied separately in the literature. Our analysis of the integrated system suggests that the base stock list price policy fails to achieve optimality even under deterministic demand. Instead, the optimal policy is characterized by two critical val...

A focus on online buyer-seller interactions

In this research, it is considered that an online shopping relationship can be observed and analysed as an online and collaborative decision, where at least a seller, a buyer and a website share information, knowledge, know-how, experience, competence and responsibilities. A survey, based on the case of wine shopping online, offers as evidence the crucial nature of socially mediated interaction...

Dynamic price competition with capacity constraints and a strategic buyer

We analyze a simple dynamic durable good oligopoly model where sellers are capacity constrained. Two incumbent sellers and potential entrants choose their capacities at the start of the game. We solve for equilibrium capacity choices and the (necessarily mixed) pricing strategies. In equilibrium, the buyer splits the order with positive probability to preserve competition; thus it is possible t...

Revenue management and seller pricing decisions in retail industry: An agent-based model