Comparing reinforcement learning approaches for solving game theoretic models: a dynamic airline pricing game example
Collins , A.J. and Thomas, Lyn C. (2012) Comparing reinforcement learning approaches for solving game theoretic models: a dynamic airline pricing game example. Journal of the Operations Research Society , 63, 1165-1173. (doi:10.1057/jors.2011.94).
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Due to the difficulty in solving game theoretic models, there is a tendency to focus on the overly simplistic dynamic airline pricing games or to even ignore competition completely. Recent changes to the industry mean that airlines can no longer ignore competitors in their model. This paper adds more complex customer model aspects; i.e., customer choice using a Logit model, customer demand using a linear probabilistic demand model, and market size using a binary random function; into an existing solvable game that only had a simple customer model. A reinforcement learning method was used to solve the newly formed games with mixed results.
|Digital Object Identifier (DOI):||doi:10.1057/jors.2011.94|
|Keywords:||game theory, artificial intelligence, reinforcement learning, air transport|
|Subjects:||L Education > LB Theory and practice of education
Q Science > QA Mathematics > QA75 Electronic computers. Computer science
|Divisions :||Faculty of Business and Law > Southampton Business School > Centre of Excellence for International Banking, Finance & Accounting
|Accepted Date and Publication Date:||
|Date Deposited:||24 Sep 2012 15:19|
|Last Modified:||31 Mar 2016 14:34|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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