Joint Pricing and Inventory Management with Demand Learning
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03.05.22 – 1 8691:42Опубликовано 14 декабря 2022, 17:35
2022 Data-driven Optimization Workshop: Joint Pricing and Inventory Management with Demand Learning
Speaker: Yuan Zhou, Tsinghua University
In the problem of joint pricing and inventory management the retailer makes simultaneously a price decision and an inventory order-up-to decision at the beginning of each review period. The demands are being modeled as either a parametric or nonparametric function depending on the prices.
In this talk, I will introduce two of my recent works advancing this problem: the first one deals with fixed ordering costs under the backlogging setting, with a parametric (generalized linear) demand model. The second one studies nonparametric demand models with censored demands and lost sales. The techniques involved include a novel UCB analysis over trajectories of (s,S,p) policies, and a noisy comparison oracle constructed for censored demand models.
This talk is based on the following two papers:
papers.ssrn.com/sol3/papers.cf...
papers.ssrn.com/sol3/papers.cf...
Speaker: Yuan Zhou, Tsinghua University
In the problem of joint pricing and inventory management the retailer makes simultaneously a price decision and an inventory order-up-to decision at the beginning of each review period. The demands are being modeled as either a parametric or nonparametric function depending on the prices.
In this talk, I will introduce two of my recent works advancing this problem: the first one deals with fixed ordering costs under the backlogging setting, with a parametric (generalized linear) demand model. The second one studies nonparametric demand models with censored demands and lost sales. The techniques involved include a novel UCB analysis over trajectories of (s,S,p) policies, and a noisy comparison oracle constructed for censored demand models.
This talk is based on the following two papers:
papers.ssrn.com/sol3/papers.cf...
papers.ssrn.com/sol3/papers.cf...
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