Dynamic Allocation and Pricing

Dynamic Allocation and Pricing

Author: Alex Gershkov

Publisher: MIT Press

Published: 2024-06-11

Total Pages: 209

ISBN-13: 0262552442

DOWNLOAD EBOOK

A new approach to dynamic allocation and pricing that blends dynamic paradigms from the operations research and management science literature with classical mechanism design methods. Dynamic allocation and pricing problems occur in numerous frameworks, including the pricing of seasonal goods in retail, the allocation of a fixed inventory in a given period of time, and the assignment of personnel to incoming tasks. Although most of these problems deal with issues treated in the mechanism design literature, the modern revenue management (RM) literature focuses instead on analyzing properties of restricted classes of allocation and pricing schemes. In this book, Alex Gershkov and Benny Moldovanu propose an approach to optimal allocations and prices based on the theory of mechanism design, adapted to dynamic settings. Drawing on their own recent work on the topic, the authors describe a modern theory of RM that blends the elegant dynamic models from the operations research (OR), management science, and computer science literatures with techniques from the classical mechanism design literature. Illustrating this blending of approaches, they start with well-known complete information, nonstrategic dynamic models that yield elegant explicit solutions. They then add strategic agents that are privately informed and then examine the consequences of these changes on the optimization problem of the designer. Their sequential modeling of both nonstrategic and strategic logic allows a clear picture of the delicate interplay between dynamic trade-offs and strategic incentives. Topics include the sequential assignment of heterogeneous objects, dynamic revenue optimization with heterogeneous objects, revenue maximization in the stochastic and dynamic knapsack model, the interaction between learning about demand and dynamic efficiency, and dynamic models with long-lived, strategic agents.


Dynamic Allocation and Pricing

Dynamic Allocation and Pricing

Author: Alex Gershkov

Publisher: MIT Press

Published: 2014-12-12

Total Pages: 209

ISBN-13: 0262028409

DOWNLOAD EBOOK

A new approach to dynamic allocation and pricing that blends dynamic paradigms from the operations research and management science literature with classical mechanism design methods. Dynamic allocation and pricing problems occur in numerous frameworks, including the pricing of seasonal goods in retail, the allocation of a fixed inventory in a given period of time, and the assignment of personnel to incoming tasks. Although most of these problems deal with issues treated in the mechanism design literature, the modern revenue management (RM) literature focuses instead on analyzing properties of restricted classes of allocation and pricing schemes. In this book, Alex Gershkov and Benny Moldovanu propose an approach to optimal allocations and prices based on the theory of mechanism design, adapted to dynamic settings. Drawing on their own recent work on the topic, the authors describe a modern theory of RM that blends the elegant dynamic models from the operations research (OR), management science, and computer science literatures with techniques from the classical mechanism design literature. Illustrating this blending of approaches, they start with well-known complete information, nonstrategic dynamic models that yield elegant explicit solutions. They then add strategic agents that are privately informed and then examine the consequences of these changes on the optimization problem of the designer. Their sequential modeling of both nonstrategic and strategic logic allows a clear picture of the delicate interplay between dynamic trade-offs and strategic incentives. Topics include the sequential assignment of heterogeneous objects, dynamic revenue optimization with heterogeneous objects, revenue maximization in the stochastic and dynamic knapsack model, the interaction between learning about demand and dynamic efficiency, and dynamic models with long-lived, strategic agents.


Dynamic Pricing and Automated Resource Allocation for Complex Information Services

Dynamic Pricing and Automated Resource Allocation for Complex Information Services

Author: Michael Schwind

Publisher: Springer Science & Business Media

Published: 2007-04-24

Total Pages: 305

ISBN-13: 3540680039

DOWNLOAD EBOOK

This book develops allocation mechanisms that aim to ensure an efficient resource allocation in modern IT-services. Recent methods of artificial intelligence, such as neural networks and reinforcement learning, and nature-oriented optimization methods, such as genetic algorithms and simulated annealing, are advanced and applied to allocation processes in distributed IT-infrastructures, or grid systems.


Memory as a Programming Concept in C and C++

Memory as a Programming Concept in C and C++

Author: František Franěk

Publisher: Cambridge University Press

Published: 2004

Total Pages: 266

ISBN-13: 9780521520430

DOWNLOAD EBOOK

The overwhelming majority of bugs and crashes in computer programming stem from problems of memory access, allocation, or deallocation. Such memory related errors are also notoriously difficult to debug. Yet the role that memory plays in C and C++ programming is a subject often overlooked in courses and in books because it requires specialised knowledge of operating systems, compilers, computer architecture in addition to a familiarity with the languages themselves. Most professional programmers learn entirely through experience of the trouble it causes. This 2004 book provides students and professional programmers with a concise yet comprehensive view of the role memory plays in all aspects of programming and program behaviour. Assuming only a basic familiarity with C or C++, the author describes the techniques, methods, and tools available to deal with the problems related to memory and its effective use.


Global Supply Chain and Operations Management

Global Supply Chain and Operations Management

Author: Dmitry Ivanov

Publisher: Springer Nature

Published: 2021-11-19

Total Pages: 673

ISBN-13: 3030723313

DOWNLOAD EBOOK

The third edition of this textbook comprehensively discusses global supply chain and operations management (SCOM), combining value creation networks and interacting processes. It focuses on operational roles within networks and presents the quantitative and organizational methods needed to plan and control the material, information, and financial flows in supply chains. Each chapter begins with an introductory case study, while numerous examples from various industries and services help to illustrate the key concepts. The book explains how to design operations and supply networks and how to incorporate suppliers and customers. It examines how to balance supply and demand, a core aspect of tactical planning, before turning to the allocation of resources to meet customer needs. In addition, the book presents state-of-the-art research reflecting the lessons learned from the COVID-19 pandemic, and emerging, fast-paced developments in the digitalization of supply chain and operations management. Providing readers with a working knowledge of global supply chain and operations management, with a focus on bridging the gap between theory and practice, this textbook can be used in core, specialized, and advanced classes alike. It is intended for a broad range of students and professionals in supply chain and operations management.


Dynamic Asset Allocation with Forwards and Futures

Dynamic Asset Allocation with Forwards and Futures

Author: Abraham Lioui

Publisher: Springer Science & Business Media

Published: 2005-03-30

Total Pages: 290

ISBN-13: 9780387241074

DOWNLOAD EBOOK

This is an advanced text on the theory of forward and futures markets which aims at providing readers with a comprehensive knowledge of how prices are established and evolve over time, what optimal strategies one can expect from the participants, what characterizes such markets and what major theoretical and practical differences distinguish futures from forward contracts. It should be of interest to students (majoring in finance with quantitative skills) academics (both theoreticians and empiricists), practitioners, and regulators.


Dynamic Asset Allocation

Dynamic Asset Allocation

Author: James Picerno

Publisher: Bloomberg Press

Published: 2010-02-17

Total Pages: 256

ISBN-13: 9781576603598

DOWNLOAD EBOOK

Today’s modern portfolio theory is not your father’s MPT. It has undergone many changes in the past fifty years. Indeed, a new understanding of MPT has emerged, one that has a significant impact on managing asset allocation—especially in today’s turbulent markets. Dynamic Asset Allocation interprets and integrates the developments in modern portfolio theory: from the efficient-market hypothesis and indexing of decades past to strategies for building winning portfolios today. The book is filled with practical, hands-on advice for investors, including guidance on approaching investment as a risk-management task.


Radio Resource Allocation and Dynamic Spectrum Access

Radio Resource Allocation and Dynamic Spectrum Access

Author: Badr Benmammar

Publisher: John Wiley & Sons

Published: 2013-02-05

Total Pages: 82

ISBN-13: 1118574354

DOWNLOAD EBOOK

We are currently witnessing an increase in telecommunications norms and standards given the recent advances in this field. The increasing number of normalized standards paves the way for an increase in the range of services available for each consumer. Moreover, the majority of available radio frequencies have already been allocated. This explains the emergence of cognitive radio (CR) – the sharing of the spectrum between a primary user and a secondary user. In this book, we will present the state of the art of the different techniques for spectrum access using cooperation and competition to solve the problem of spectrum allocation and ensure better management of radio resources in a radio cognitive context. The different aspects of research explored up until now on the applications of multi-agent systems (MAS) in the field of cognitive radio are analyzed in this book. The first chapter begins with an insight into wireless networks and mobiles, with special focus on the IEEE 802.22 norm, which is a norm dedicated to CR. Chapter 2 goes into detail about CR, which is a technical field at the boundary between telecommunications and Artificial Intelligence (AI). In Chapter 3, the concept of the “agent” from AI is expanded to MAS and associated applications. Finally, Chapter 4 establishes an overview of the use of AI techniques, in particular MAS, for its allocation of radio resources and dynamic access to the spectrum in CR. Contents 1. Wireless and Mobile Networks. 2. Cognitive Radio. 3. Multi-agent Systems. 4. Dynamic Spectrum Access. About the Authors Badr Benmammar has been Associate Professor at UABT (University Abou Bekr Belkaïd Tlemcen), Algeria since 2010 and was a research fellow at CNRS LaBRI Laboratory of the University of Bordeaux 1 until 2007. He is currently carrying out research at the Laboratory of Telecommunications of Tlemcen (LTT), UABT, Algeria. His main research activities concern the cognitive radio network, Quality of Service on mobile and wireless networks, end-to-end signaling protocols and agent technology. His work on Quality of Service has led to many publications in journals and conference proceedings. Asma Amraoui is currently a PhD candidate; she is preparing a doctoral thesis on a topic of research that explores the use of artificial intelligence techniques in cognitive radio networks. She is attached to the Laboratory of Telecommunications of Tlemcen (LTT) in Algeria.


Allocation in Networks

Allocation in Networks

Author: Jens Leth Hougaard

Publisher: MIT Press

Published: 2018-11-06

Total Pages: 297

ISBN-13: 0262038641

DOWNLOAD EBOOK

A comprehensive overview of networks and economic design, presenting models and results drawn from economics, operations research, and computer science; with examples and exercises. This book explores networks and economic design, focusing on the role played by allocation rules (revenue and cost-sharing schemes) in creating and sustaining efficient network solutions. It takes a normative approach, seeking economically efficient network solutions sustained by distributional fairness, and considers how different ways of allocating liability affect incentives for network usage and development. The text presents an up-to-date overview of models and results currently scattered over several strands of literature, drawing on economics, operations research, and computer science. The book's analysis of allocation problems includes such classic models from combinatorial optimization as the minimum cost spanning tree and the traveling salesman problem. It examines the planner's ability to design mechanisms that will implement efficient network structures, both in large decentralized networks and when there is user-agent information asymmetry. Offering systematic theoretical analyses of various compelling allocation rules in cases of fixed network structures as well as discussions of network design problems, the book covers such topics as tree-structured distribution systems, routing games, organizational hierarchies, the “price of anarchy,” mechanism design, and efficient implementation. Appropriate as a reference for practitioners in network regulation and the network industry or as a text for graduate students, the book offers numerous illustrative examples and end-of-chapter exercises that highlight the concepts and methods presented.