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Dynamic Pricing on Services in Electronic Markets under Competition and Incomplete Information

Parsaei, Moin | 2018

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  1. Type of Document: M.Sc. Thesis
  2. Language: Farsi
  3. Document No: 51275 (01)
  4. University: Sharif University of Technology
  5. Department: Industrial Engineering
  6. Advisor(s): Modarres-Yazdi, Mohammad
  7. Abstract:
  8. The present study investigates dynamic pricing in case of urban transportation operators competing on an identical network. Game theory has been adopted as an approach to the modeling and solutions.Game theory is a mathematical theory widely applied in competitive situations.The proposed model takes the players’ interdependency problems into account to predict their decisions as well as the displacement on the network about equilibrium point. The problem is modeled in no-cooperation state using the dynamic Nash equilibrium; Gauss-Seidel algorithm is used for the solutions considering the discontinuity of the decision space. A comprehensive sensitivity analysis has also been conducted on the important model parameters in the end. Moreover, several problems have been generated in various sizes to evaluate the presented model and the suggested solution method and the results obtained from solving the example problems using the proposed algorithm have been compared with those obtained from exact solution of the model in continuous decision space. The trivial difference between the results obtained from solutions confirms the accuracy and quality of the solution method offered in this study
  9. Keywords:
  10. Revenue Management ; Dynamic Pricing ; Competitive Market ; Nash Equilibrium Point ; Urban Transportation Network ; Concurrent Decision Making

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