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Published byLenard Young Modified over 9 years ago
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Revenue Management under a Markov Chain Based Choice Model
Jake Feldman Cornell University School of ORIE Huseyin Topaloglu Cornell University School of ORIE
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Problem Description
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Markov Chain Based Choice Model
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Purchasing Dynamics
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Purchasing Dynamics
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Purchase Probabilities
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Purchase Probabilities
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Purchase Probabilities
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Motivating the MC Based Choice Model
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Static Assortment Optimization
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Static Assortment Optimization
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Static Assortment Optimization
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Static Assortment Optimization
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Static Assortment Optimization
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Novel LP Formulation
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Novel LP Formulation
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Property of Extreme Point
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Property of Extreme Points
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Property of Extreme Points
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Network Revenue Management
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Network Revenue Management
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Deterministic Linear Program
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Reduced Deterministic Linear Program
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Finding a Policy
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Recovering DLP Solution
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Recovering DLP Solution
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Recovering DLP Solution
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Recovering DLP Solution
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Recovering DLP Solution
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Recovering DLP Solution
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Recovering DLP Solution
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Computational Experiments
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Thank you
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