A numerical optimization approach for pricing components in customer defined bundles in a B2B market

DOI10.1016/J.COR.2023.106215MaRDI QIDQ6164599zbMATH OpenFDO

Authors Ritwik Raj, Mark H. Karwan, Chase C. Murray, Lei Sun

Publication date 4 July 2023

Published in Computers \& Operations Research (Search for Journal in Brave)

zbMATH Keywords

Monte CarlopricingNelder-Meadproduct bundlingB2B

Mathematics Subject Classification ID

Operations research and management science (90Bxx)

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Cites work

• scientific article; zbMATH DE number 274399 (Why is no real title available?)
• A Simplex Method for Function Minimization
• Bundle pricing of inventories with stochastic demand
• Bundling information goods: pricing, profits, and efficiency
• Bundling retail products: models and analysis
• Customized Bundle Pricing for Information Goods: A Nonlinear Mixed-Integer Programming Approach
• Dynamic and targeted bundle pricing of two independently valued products
• Models and algorithms for the product pricing with single-minded customers requesting bundles
• Optimal Bundle Pricing
• Optimal pricing and composition of multiple bundles: a two-step approach
• Optimal product bundling with dependent valuations: the price of independence
• Simulation and the Monte Carlo method
• The Nelder-Mead Simplex Procedure for Function Minimization

Cited in

(3)

• Optimal Design on Customized Bundling Strategy of Information Goods for Customers with Two-Dimensional Heterogeneity
• Customized Bundle Pricing for Information Goods: A Nonlinear Mixed-Integer Programming Approach
• Model-based decision support for optimal brochure pricing: applying advanced analytics in the tour operating industry

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