Concept

Profit maximization

Related publications (54)

Monopoly Pricing with Unknown Demand

The optimal pricing of goods, especially when they are new and the innovating firm is a monopolist, must proceed without precise knowledge of the demand curve. This paper provides a pricing method with a relative robustness guarantee by maximizing a perfor ...

2024

50 years of behavioral models for transportation and logistics

Michel Bierlaire, Léa Massé Ricard

Fifty years ago, transportation and logistics problems were primarily analyzed either from a supply-side or a demand-side perspective, with the fields of operations research and demand modeling evolving separately. Since then, there has been a growing inte ...

2024

Reusability assessment of reinforced concrete components prior to deconstruction from obsolete buildings

Corentin Jean Dominique Fivet, Maléna Bastien Masse, Julie Rachel Devènes

A large part of building demolitions is motivated by purely socio-economic reasons. Hence, about-to-be-demolished structures, commonly made of reinforced concrete, very often present no or little degradation. When adaptive reuse of the entire building is n ...

2024

Improving SAM Requires Rethinking its Optimization Formulation

Volkan Cevher, Kimon Antonakopoulos, Thomas Michaelsen Pethick, Wanyun Xie, Fabian Ricardo Latorre Gomez

This paper rethinks Sharpness-Aware Minimization (SAM), which is originally formulated as a zero-sum game where the weights of a network and a bounded perturbation try to minimize/maximize, respectively, the same differentiable loss. We argue that SAM shou ...

2024

Optimization and equilibrium problems with discrete choice models

Stefano Bortolomiol

Many transportation markets are characterized by oligopolistic competition. In these markets customers, suppliers and regulators make decisions that are influenced by the preferences and the decisions of all other agents. In particular, capturing and under ...

EPFL2022

Exergy and economic assessment of renewable electricity generation from sugarcane straw for improved efficiency of sugarcane biorefineries

This work focuses on the revamp of existing sugarcane biorefineries and cogeneration units by using those byproducts, aiming to increase the selling of surplus electricity. The analysis allows identifying potential improvements in the sugarcane cogeneratio ...

2022

A multi-functional tri-objective mathematical model for the pharmaceutical supply chain considering congestion of drugs in factories

Amin Kaboli

Supply Chain Management (SCM), by way of one of the critical issues in the managerial aspect, plays a significant role in tackling humanitarian problems and difficulties. Due to some limitations (e.g., production capacity and storage capacity) and desires ...

ELSEVIER SCI LTD2022

To pool or not to pool: Equilibrium, pricing and regulation

Kenan Zhang

We study a transportation network company (TNC) that offers on-demand solo and pooling e-hail services in an aggregate mobility service market, while competing with transit for passengers. The market equilibrium is established based on a spatial driver–pas ...

2021

Price-based regulation of oligopolistic markets under discrete choice models of demand

Michel Bierlaire, Virginie Janine Camille Lurkin, Stefano Bortolomiol

We propose a framework to find optimal price-based policies to regulate markets characterized by oligopolistic competition and in which consumers make a discrete choice among a finite set of alternatives. With this framework, we can include general discret ...

EPFL2021

Price-based regulation of oligopolistic markets under discrete choice models of demand

Michel Bierlaire, Virginie Janine Camille Lurkin, Stefano Bortolomiol

We propose a framework to find optimal price-based policies to regulate markets characterized by oligopolistic competition and in which consumers make a discrete choice among a finite set of alternatives. The framework accommodates general discrete choice ...

2021

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