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The Resource Dynamic allocation and pricing : a mechanism design approach, Alex Gershkov and Benny Moldovanu

Dynamic allocation and pricing : a mechanism design approach, Alex Gershkov and Benny Moldovanu

Label
Dynamic allocation and pricing : a mechanism design approach
Title
Dynamic allocation and pricing
Title remainder
a mechanism design approach
Statement of responsibility
Alex Gershkov and Benny Moldovanu
Creator
Contributor
Author
Subject
Language
eng
Summary
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.--
Member of
Assigning source
Provided by Publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Gershkov, Alex
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
Moldovanu, Benny
Series statement
"Arne Ryde memorial lectures series."
http://library.link/vocab/subjectName
  • Revenue management
  • Pricing
  • Assignment problems (Programming)
Label
Dynamic allocation and pricing : a mechanism design approach, Alex Gershkov and Benny Moldovanu
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Contents
Introduction -- The sequential assignment of heterogenous objects -- Dynamic revenue maximization with heterogenous objects -- The stochastic and dynamic Knapsack model -- Learning and dynamic efficiency -- Long lived agents -- Index
Control code
FIEb17655468
Dimensions
24 cm.
Extent
195 pages
Isbn
9780262028400
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
System control number
  • (NhCcYBP) 2014016709
  • (OCoLC)880349823
Label
Dynamic allocation and pricing : a mechanism design approach, Alex Gershkov and Benny Moldovanu
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Contents
Introduction -- The sequential assignment of heterogenous objects -- Dynamic revenue maximization with heterogenous objects -- The stochastic and dynamic Knapsack model -- Learning and dynamic efficiency -- Long lived agents -- Index
Control code
FIEb17655468
Dimensions
24 cm.
Extent
195 pages
Isbn
9780262028400
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
System control number
  • (NhCcYBP) 2014016709
  • (OCoLC)880349823

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