We consider an electricity supplier for a large commercial electric vehicle (EV) fleet. The supplier uses a dynamic pricing scheme for buying and selling energy from and to the fleet, enabling the supplier to trade any deviations from the agreed day-ahead (DA) position in the intraday auction (IDA) market, while taking into account the behavior … Read more
We study the problem of a retailer that maximizes profit through joint replenishment, pricing and removal decisions. This problem is motivated by the observation that retailers usually retain rights to remove inventory from their network either by returning it to the suppliers or through liquidation in the face of random demand and capacity constraints. We … Read more
We consider the pricing problem faced by a retailer endowed with a finite inventory of a product offered over a finite planning horizon in an environment where customers are price-sensitive. The parameters of the product demand curve are fixed but unknown to the seller who only has at his disposal a history of sales data. … Read more