Modeling and Stochastic Learning for Forecasting in High Dimensions

Modeling and Stochastic Learning for Forecasting in High Dimensions PDF Author: Anestis Antoniadis
Publisher: Springer
ISBN: 3319187325
Category : Mathematics
Languages : en
Pages : 344

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Book Description
The chapters in this volume stress the need for advances in theoretical understanding to go hand-in-hand with the widespread practical application of forecasting in industry. Forecasting and time series prediction have enjoyed considerable attention over the last few decades, fostered by impressive advances in observational capabilities and measurement procedures. On June 5-7, 2013, an international Workshop on Industry Practices for Forecasting was held in Paris, France, organized and supported by the OSIRIS Department of Electricité de France Research and Development Division. In keeping with tradition, both theoretical statistical results and practical contributions on this active field of statistical research and on forecasting issues in a rapidly evolving industrial environment are presented. The volume reflects the broad spectrum of the conference, including 16 articles contributed by specialists in various areas. The material compiled is broad in scope and ranges from new findings on forecasting in industry and in time series, on nonparametric and functional methods and on on-line machine learning for forecasting, to the latest developments in tools for high dimension and complex data analysis.

Modeling and Stochastic Learning for Forecasting in High Dimensions

Modeling and Stochastic Learning for Forecasting in High Dimensions PDF Author: Anestis Antoniadis
Publisher: Springer
ISBN: 3319187325
Category : Mathematics
Languages : en
Pages : 344

Get Book Here

Book Description
The chapters in this volume stress the need for advances in theoretical understanding to go hand-in-hand with the widespread practical application of forecasting in industry. Forecasting and time series prediction have enjoyed considerable attention over the last few decades, fostered by impressive advances in observational capabilities and measurement procedures. On June 5-7, 2013, an international Workshop on Industry Practices for Forecasting was held in Paris, France, organized and supported by the OSIRIS Department of Electricité de France Research and Development Division. In keeping with tradition, both theoretical statistical results and practical contributions on this active field of statistical research and on forecasting issues in a rapidly evolving industrial environment are presented. The volume reflects the broad spectrum of the conference, including 16 articles contributed by specialists in various areas. The material compiled is broad in scope and ranges from new findings on forecasting in industry and in time series, on nonparametric and functional methods and on on-line machine learning for forecasting, to the latest developments in tools for high dimension and complex data analysis.

The Elements of Joint Learning and Optimization in Operations Management

The Elements of Joint Learning and Optimization in Operations Management PDF Author: Xi Chen
Publisher: Springer Nature
ISBN: 3031019261
Category : Business & Economics
Languages : en
Pages : 444

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Book Description
This book examines recent developments in Operations Management, and focuses on four major application areas: dynamic pricing, assortment optimization, supply chain and inventory management, and healthcare operations. Data-driven optimization in which real-time input of data is being used to simultaneously learn the (true) underlying model of a system and optimize its performance, is becoming increasingly important in the last few years, especially with the rise of Big Data.

Dynamic Pricing and Automated Resource Allocation for Complex Information Services

Dynamic Pricing and Automated Resource Allocation for Complex Information Services PDF Author: Michael Schwind
Publisher: Springer Science & Business Media
ISBN: 3540680039
Category : Mathematics
Languages : en
Pages : 305

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Book Description
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.

Behavioral Consequences of Dynamic Pricing

Behavioral Consequences of Dynamic Pricing PDF Author: David Prakash
Publisher: BoD – Books on Demand
ISBN: 3756863514
Category : Business & Economics
Languages : en
Pages : 155

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Book Description
Digital technologies are driving the application of dynamic pricing. Today, this pricing strategy is used not only for perishable products such as flights or hotel rooms, but for almost any product or service category. With dynamic pricing, retailers frequently adjust their prices over time to respond to factors such as demand, their supply and that of competitors, or the time of sale. Additionally, dynamic pricing allows retailers to take advantage of a large share of consumers' willingness to pay while avoiding losses from unsold products. Ultimately, this can lead to an increase in revenue and profit. However, the application of dynamic pricing comes with great challenges. In addition to the technological implementation, companies have to take into account that dynamic pricing can cause complex and unintended behavioral consequences on the consumer side. The key objective of this dissertation is to provide a deeper understanding of the impact of dynamic pricing on consumer behavior. To this end, this dissertation presents insights from four perspectives. First, how reference prices as a critical component in purchase decisions are operationalized. Second, how customers search for products priced dynamically, differentiated by business and private customers, as well as by different devices used for the search. Third, whether and how dynamic pricing influences the impact of internal reference prices on purchase decisions. Finally, this dissertation demonstrates that consumers perceive price changes as personalized in different purchase contexts, leading to reduced perceptions of fairness and undesirable behavioral consequences.

Operationalizing Dynamic Pricing Models

Operationalizing Dynamic Pricing Models PDF Author: Steffen Christ
Publisher: Springer Science & Business Media
ISBN: 3834961841
Category : Business & Economics
Languages : en
Pages : 363

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Book Description
Steffen Christ shows how theoretic optimization models can be operationalized by employing self-learning strategies to construct relevant input variables, such as latent demand and customer price sensitivity.

Revenue Management and Pricing Analytics

Revenue Management and Pricing Analytics PDF Author: Guillermo Gallego
Publisher: Springer
ISBN: 1493996061
Category : Business & Economics
Languages : en
Pages : 346

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Book Description
“There is no strategic investment that has a higher return than investing in good pricing, and the text by Gallego and Topaloghu provides the best technical treatment of pricing strategy and tactics available.” Preston McAfee, the J. Stanley Johnson Professor, California Institute of Technology and Chief Economist and Corp VP, Microsoft. “The book by Gallego and Topaloglu provides a fresh, up-to-date and in depth treatment of revenue management and pricing. It fills an important gap as it covers not only traditional revenue management topics also new and important topics such as revenue management under customer choice as well as pricing under competition and online learning. The book can be used for different audiences that range from advanced undergraduate students to masters and PhD students. It provides an in-depth treatment covering recent state of the art topics in an interesting and innovative way. I highly recommend it." Professor Georgia Perakis, the William F. Pounds Professor of Operations Research and Operations Management at the Sloan School of Management, Massachusetts Institute of Technology, Cambridge, Massachusetts. “This book is an important and timely addition to the pricing analytics literature by two authors who have made major contributions to the field. It covers traditional revenue management as well as assortment optimization and dynamic pricing. The comprehensive treatment of choice models in each application is particularly welcome. It is mathematically rigorous but accessible to students at the advanced undergraduate or graduate levels with a rich set of exercises at the end of each chapter. This book is highly recommended for Masters or PhD level courses on the topic and is a necessity for researchers with an interest in the field.” Robert L. Phillips, Director of Pricing Research at Amazon “At last, a serious and comprehensive treatment of modern revenue management and assortment optimization integrated with choice modeling. In this book, Gallego and Topaloglu provide the underlying model derivations together with a wide range of applications and examples; all of these facets will better equip students for handling real-world problems. For mathematically inclined researchers and practitioners, it will doubtless prove to be thought-provoking and an invaluable reference.” Richard Ratliff, Research Scientist at Sabre “This book, written by two of the leading researchers in the area, brings together in one place most of the recent research on revenue management and pricing analytics. New industries (ride sharing, cloud computing, restaurants) and new developments in the airline and hotel industries make this book very timely and relevant, and will serve as a critical reference for researchers.” Professor Kalyan Talluri, the Munjal Chair in Global Business and Operations, Imperial College, London, UK.

Advanced, Contemporary Control

Advanced, Contemporary Control PDF Author: Marek Pawelczyk
Publisher: Springer Nature
ISBN: 3031351738
Category : Technology & Engineering
Languages : en
Pages : 463

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Book Description
This book introduces the reader to the hottest topics in current control sciences and robotics, as seen by scientists from Poland and other European countries. Volume 2 comprises 42 chapters, which specifically address topics connected to statistical and stochastic methods in control engineering applications, to optimization and quantum computing, to biological, medical, and ecological systems, to new applications of artificial intelligence and machine learning in automated and connected vehicles, to design and control of autonomous marine, robotics, and vehicles systems, and to other modern topics. The contributions were presented during XXI Polish Control Conference, held in Gliwice, Poland, from June 26 to 29, 2023. This book is extremely useful to all persons who want to know the latest trends in automation and robotics.

Time Series in High Dimension: the General Dynamic Factor Model

Time Series in High Dimension: the General Dynamic Factor Model PDF Author: Marc Hallin
Publisher: World Scientific Publishing Company
ISBN: 9789813278004
Category : Business & Economics
Languages : en
Pages : 764

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Book Description
Factor models have become the most successful tool in the analysis and forecasting of high-dimensional time series. This monograph provides an extensive account of the so-called General Dynamic Factor Model methods. The topics covered include: asymptotic representation problems, estimation, forecasting, identification of the number of factors, identification of structural shocks, volatility analysis, and applications to macroeconomic and financial data.

High-Dimensional Statistics

High-Dimensional Statistics PDF Author: Martin J. Wainwright
Publisher: Cambridge University Press
ISBN: 1108498027
Category : Business & Economics
Languages : en
Pages : 571

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Book Description
A coherent introductory text from a groundbreaking researcher, focusing on clarity and motivation to build intuition and understanding.

Sparse Grid Quadrature in High Dimensions with Applications in Finance and Insurance

Sparse Grid Quadrature in High Dimensions with Applications in Finance and Insurance PDF Author: Markus Holtz
Publisher: Springer Science & Business Media
ISBN: 3642160042
Category : Mathematics
Languages : en
Pages : 194

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Book Description
This book deals with the numerical analysis and efficient numerical treatment of high-dimensional integrals using sparse grids and other dimension-wise integration techniques with applications to finance and insurance. The book focuses on providing insights into the interplay between coordinate transformations, effective dimensions and the convergence behaviour of sparse grid methods. The techniques, derivations and algorithms are illustrated by many examples, figures and code segments. Numerical experiments with applications from finance and insurance show that the approaches presented in this book can be faster and more accurate than (quasi-) Monte Carlo methods, even for integrands with hundreds of dimensions.