Dynamic pricing models and its methodological aspects

A Methodological Survey of Dynamic Microsimulation Models

More than 10 years ago O’Donoghue (2001) surveyed the dynamic microsimulation models that had been developed up to that point. However the 2000’s have seen many of the barriers that existed for model development up until that point overcome. This paper surveys the development and practices in dynamic microsimulation over the past decade, and discusses the methodological challenges today. The pa...

Dynamic pricing models for electronic business

Dynamic pricing is the dynamic adjustment of prices to consumers depending upon the value these customers attribute to a product or service. Today’s digital economy is ready for dynamic pricing; however recent research has shown that the prices will have to be adjusted in fairly sophisticated ways, based on sound mathematical models, to derive the benefits of dynamic pricing. This article attem...

The Stability of Demand for Money and its Dynamic Aspects in Iran

Some methodological aspects of validation of models in nonparametric regression

In this paper we describe some general methods for constructing goodness of t tests in nonparametric regression models. Our main concern is the development of statisticial methodology for the assessment (validation) of speci c parametric modelsM as they arise in various elds of applications. The fundamental idea which underlies all these methods is the investigation of certain goodness of t sta...

Dynamic, Stochastic Models for Congestion Pricing and Congestion Securities

This research considers congestion pricing under demand uncertainty. In particular, a robust optimization (RO) approach is applied to optimal congestion pricing problems under user equilibrium. A mathematical model is developed and an analysis performed to consider robust, dynamic user equilibrium, optimal tolls based on the second-best problem known as the dynamic optimal toll problem with equ...