在航空定价背景下利用迁移学习扩展深度 Q 网络

IF 1.1 Q3 BUSINESS, FINANCE
Sharath Nataraj, Jeswin Varghese, R Adarsh, Aparna Muralidhar, Ebin Joseph, Ranjith Menon, Dieter Westermann
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引用次数: 0

摘要

动态机票定价是一个复杂的过程,航空公司要根据包含多种因素的不同业务环境确定最佳价格。虽然大多数航空公司使用传统的收益管理系统(RM)来完成这项工作,但研究表明,深度强化学习(DRL)模型可以通过扩大价格发现范围来实现收益最大化。然而,将这些模型推广到航空公司的所有航线需要大量成本。为了帮助解决这个问题,我们建议应用迁移学习,在类似航线之间分享从 DRL 中获得的知识,从而帮助航空公司更接近于将基于 DRL 的定价模型投入生产。
本文章由计算机程序翻译,如有差异,请以英文原文为准。

Transfer learning to scale deep Q networks in the context of airline pricing

Transfer learning to scale deep Q networks in the context of airline pricing

Dynamic Airline ticket pricing is a complex process, wherein airlines determine the best price for varied business contexts that encapsulate several factors. While most airlines use traditional revenue management (RM) systems to do this, studies have shown that deep reinforcement learning (DRL) models could maximize revenue by expanding price discovery. However, scaling these models to all routes of an airline would be cost-intensive. To help address this issue, we propose the application of transfer learning to share the knowledge gained from DRL, between similar routes, potentially helping airlines inch closer to putting a DRL-based pricing-model in production.

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来源期刊
CiteScore
3.30
自引率
18.80%
发文量
26
期刊介绍: The?Journal of Revenue and Pricing Management?serves the community of researchers and practitioners dedicated to improving understanding through insight and real life situations. Each article emphasizes meaningful answers to problems whether cutting edge science or real solutions. The journal places an emphasis disseminating the best articles from the best minds and benchmarked businesses within the field of Revenue Management and Pricing.Revenue management (RM) also known as Yield Management (YM) is a management activity that marries the diverse disciplines of operations research/management science analytics economics human resource management software development marketing economics e-commerce consumer behaviour and consulting to manage demand for a firm's products or services with the goal of profit maximisation. From a practitioner standpoint RM encompasses a range of activities related to demand management including pricing segmentation capacity and inventory allocation demand modelling and business process management.Journal of Revenue and Pricing Management?aims to:formulate and disseminate a body of knowledge called 'RM and pricing' to practitioners educators researchers and students;provide an international forum for a wide range of practical theoretical and applied research in the fields of RM and pricing;represent a multi-disciplinary set of views on key and emerging issues in RM and pricing;include a cross-section of methodologies and viewpoints on research including quantitative and qualitative approaches case studies and empirical and theoretical studies;encourage greater understanding and linkage between the fields of study related to revenue management and pricing;to publish new and original ideas on research policy and managementencourage and engage with professional communities to adopt the Journal as the place of knowledge excellence i.e. INFORMS Revenue Management & Pricing section AGIFORS and Revenue Management Society and Revenue Management and Pricing International Ltd.Published six times a year?Journal of Revenue and Pricing Management?publishes a wide range of peer-reviewed practice papers research articles and professional briefings written by industry experts - including:Practice papers - addressing the issues facing practitioners in industry and consultancyApplied research papers - from leading institutions on all areas of research of interest to practitioners and the implications for practiceCase studies - focusing on the real-life challenges and problems faced by major corporations how they were approached and what was learnedModels and theories - practical models and theories which are being used in revenue managementThoughts - assessment of the key issues new trends and future ideas by leading experts and practitionersApprentice - the publication of tomorrows ideas by students of todayBook/conference reviews - reviewing leading conferences and major new books on RM and pricingThe Journal is essential reading for senior professionals in private and public sector organisations and academic observers in universities and business schools - including:Pricing AnalystsRevenue ManagersHeads of Revenue ManagementHeads of Yield ManagementDirectors of PricingHeads of MarketingChief Operating OfficersCommercial DirectorsDirectors of SalesDirectors of OperationsHeads of ResearchPricing ConsultantsProfessorsLecturers
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