Date
Tue, 03 Mar 2020
14:00
Location
L2
Speaker
Jari Fowkes
Organisation
Oxford

We consider the problem of dynamically pricing multiple products on a network of resources, such as that faced by an airline selling tickets on its route network. For computational reasons this inherently stochastic problem is often approximated deterministically, however even the deterministic dynamic pricing problem can be impractical to solve. For this reason we have derived a novel iterative Quadratic Programming approximation to the deterministic dynamic pricing problem that is not only very fast to solve in practice but also exhibits a provably linear rate of convergence. This is joint work with Saksham Jain and Raphael Hauser.
 

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