275 citations · 294 across the 3 of their papers we have counts for
4 papers
Elasticity Based Demand Forecasting and Price Optimization for Online Retail
Chengcheng Liu, Mátyás A. Sustik
We study a problem of an online retailer who observes the unit sales of a product, and dynamically changes the retail price, in order to maximize the expected revenue. Assuming the…
Anomaly Detection for an E-commerce Pricing System
Jagdish Ramakrishnan, Elham Shaabani, Chao Li +1
Online retailers execute a very large number of price updates when compared to brick-and-mortar stores. Even a few mis-priced items can have a significant business impact and resul…
Thompson Sampling for Dynamic Pricing
Ravi Ganti, Matyas Sustik, Quoc Tran +1
In this paper we apply active learning algorithms for dynamic pricing in a prominent e-commerce website. Dynamic pricing involves changing the price of items on a regular basis, an…
Sparse Inverse Covariance Matrix Estimation Using Quadratic Approximation
Cho-Jui Hsieh, Matyas A. Sustik, Inderjit S. Dhillon +1
The L1-regularized Gaussian maximum likelihood estimator (MLE) has been shown to have strong statistical guarantees in recovering a sparse inverse covariance matrix, or alternative…