2022
DOI: 10.1051/ro/2022052
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A hybrid machine learning-optimization approach to pricing and train formation problem under demand uncertainty

Abstract: Due to the complexity of pricing in service industry, it is important to provide an efficient pricing framework for real-life and large-sized applications. To this end, we combined an optimization approach with a regression-based machine learning method to provide a reliable and efficient framework for integrated pricing and train formation problem under hybrid uncertainty. To do so, firstly, a regression-based machine learning model is applied to forecast the ticket price of the passenger railway and then, th… Show more

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Cited by 6 publications
(4 citation statements)
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“…Then, using the data in the dataset, it conducts numerical simulation on the three algorithms, and compares each evaluation indicator of the algorithm. According to the comparison results, it is verified that the CFA based on hybrid ML optimization has good reliability and stability [3][4].…”
Section: Machine Learning Theory and Practicementioning
confidence: 88%
See 1 more Smart Citation
“…Then, using the data in the dataset, it conducts numerical simulation on the three algorithms, and compares each evaluation indicator of the algorithm. According to the comparison results, it is verified that the CFA based on hybrid ML optimization has good reliability and stability [3][4].…”
Section: Machine Learning Theory and Practicementioning
confidence: 88%
“…That is to say, the design in the previous stage prepares for the preprocessing in the next stage. The constructed model can be used in the next stage, and the recommended list can also be given to optimize the calculation in the next stage [10].…”
Section: Flow Typementioning
confidence: 99%
“…When people's daily habits were replaced by sofas, Jianjian by coffee cups, and imperial calendars by month cards, arts and crafts were no longer limited to handicrafts. Instead, it was combined with the machine industry and took on various characteristics of "modernity" [16][17][18].…”
Section: Introductionmentioning
confidence: 99%
“…However, manual intervention is inefficient, and not all scenarios are guided by experienced human experts. Automated Machine Learning (AutoML for short) came into being [1][2]. AutoML is the combination of automation technology and machine learning.…”
Section: Introductionmentioning
confidence: 99%