Problem Definition: Consumers often perceive higher-priced products to have higher quality. Less is known on how quality perception is affected by price markdowns. In addition, it is an open question whether and how consumers' ex-ante expectation on a future markdown affects their quality...

We study the problem of optimizing a tree-based ensemble objective with the feasible decisions lie in a polyhedral set. We model this optimization problem as a Mixed Integer Linear Program (MILP). We show this model can be solved to optimality efficiently using Pareto optimal Benders cuts. For...

We develop a framework for estimating price sensitivity in applications such as ticket reselling. This framework allows us to estimate heterogeneous price sensitivity that we subsequently embed in a price optimization model for ticket reselling. Due to the heterogeneous nature of tickets, the...