This paper analyzes the dynamic traffic assignment problem on a two-alternative network with one alternative subject to a dynamic pricing that responds to real-time arrivals in a system optimal way. Analytical expressions for the assignment, revenue and total delay in each alternative are derived as a function of the pricing strategy. It is found that minimum total system delay can be achieved ...

Dual-channel not only provides reasonable products but also a large quantity of opportunities, where the members’ attitude towards risk has a major impact on channel optimization. In this paper, risks are classified as general risk and interruption risk. As for general risk, combined with risk-aversion attitude, mean-variance method is used to build optimal pricing model and expected utility mo...

This paper studies a one-shot inventory replenishment problem with dynamic pricing. The customer arrival rate is assumed to follow a geometric Brownian motion. Homogeneous customers have an isoelastic demand function and do not behave strategically. We find a closed-form optimal pricing policy, which utilizes current demand information. Under this pricing policy the inventory trajectory is dete...

This paper studied pricing, service level, and production quantity decision problems in a supply chain with one manufacturer and one retailer under demand and production cost disruptions. The joint impact of demand and production cost disruptions on optimal pricing, service level, and production decisions in centralized and decentralized supply chain was analyzed, respectively. By solving the o...

We study optimal allocation and pricing on a network of competing buyers. Buyers have private information about the value of an item being sold (such as franchise contract, good, service). Furthermore, buyers place a premium on obtaining the item exclusively, i.e., if no competitors obtain the item at the same time. We show that the seller limited to offering posted price contracts should infla...

We study the performance of anonymous posted-price selling mechanisms for a standard Bayesian auction setting, where n bidders have i.i.d. valuations single item. show that natural class Monotone Hazard Rate (MHR) distributions, offering same, take-it-or-leave-it price to all can achieve an (asymptotically) optimal revenue. In particular, approximation ratio is shown be 1+ O (ln ln / ), matched...