Sequential Block Elimination for Dynamic Pricing

• Published in: IEEE ... International Conference on Data Mining workshops pp. 125 - 129
• Main Authors: Parambath, Shameem A Puthiya, Alfahad, Saleh Abdullah M, Anagnostopoulos, Christos, Kolomvatsos, Kostas
• Format: Conference Proceeding
• Language: English
• Published: IEEE 09.12.2024
• Subjects: Conferences; Data mining; Dynamic Pricing; Logistics; Multi-Armed Bandits; Object recognition; Pricing; Pure-Exploration; Thompson Sampling

In this paper, we propose a Thompson Sampling based sequential block elimination approach for dynamic pricing within pure-exploration Multi-Armed Bandit (MAB) setting. Given an l-dimensional action space, which represents various price ranges, our objective is to identify the optimal prices for diff...