Fuzzy rule-based demand forecasting for dynamic pricing of a maritime company

Knowledge-Based Systems

Volumn 70, Issue , 2014, Pages 88-96

  Coşgun, Özlem ^a   Ekinci, Yeliz ^b   Yanik, Seda ^c  

^a FATIH UNIVERSITY   (Turkey)

^b ISTANBUL BILGI UNIVERSITY   (Turkey)

^c ISTANBUL TECHNICAL UNIVERSITY   (Turkey)

Author keywords

Demand forecasting; Dynamic pricing; Dynamic programming; Fuzzy IF THEN rules; Transportation

Indexed keywords

COSTS; ECONOMICS; FORECASTING; FUZZY INFERENCE; FUZZY RULES; TRANSPORTATION;

DEMAND FORECASTING; DYNAMIC PRICING; DYNAMIC PRICING POLICIES; FUZZY IF-THEN RULES; FUZZY RULE BASED; PRICING PROBLEMS; PROBABILISTIC DYNAMIC PROGRAMMING; TRANSPORTATION SERVICES;

DYNAMIC PROGRAMMING;

EID: 84908478501     PISSN: 09507051     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.knosys.2014.04.015     Document Type: Article

References (51)

1. M.S.K. Awan, and M.M. Awais Predicting weather events using fuzzy rule based system Appl. Soft Comput. 11 2011 56 63
2. J. Bates, J. Polak, P. Jones, and A. Cook The valuation of reliability for personal travel Transport. Res. Part E 37 2-3 2001 191 229
3. R. Bellman Dynamic Programming 1957 Princeton University Press Princeton, New Jersey
4. R. Bharill, and N. Rangaraj Revenue management in railway operations: a study of the Rajdhani Express, Indian Railways Transp. Res. Part A 42 2008 1195 1207
5. G. Bitran, and R. Caldentey An overview of pricing models for revenue management Manuf. Serv. Operat. Manage. 5 3 2003 203 229
6. J.L. Bowman, and M.E. Ben-Akiva Activity-based disaggregate travel demand model system with activity schedules Transport. Res. Part A: Policy Pract. 35 1 2001 1 28
7. R.E. Chatwin Optimal dynamic pricing of perishable products with stochastic demand and a finite set of prices Eur. J. Oper. Res. 125 2000 149 174
8. M.C. Chen, and Y. Wei Exploring time variants for short-term passenger flow J. Transport. Geogr. 19 4 2011 488 498
9. Chung Dynamic congestion pricing with demand > uncertainty: a robust optimization approach Transport. Res. Part B 46 2012 1504 1518
10. L. Di, and Y. Hualong Dynamic pricing model of container sea-rail intermodal transport on single OD line J. Transport. Syst. Eng. IT 12 4 2012 122 127
11. W. Elmaghraby, and P. Keskinocak Dynamic pricing in the presence of inventory considerations: research overview, current practices, and future directions Manage. Sci. 49 10 2003 1287 1309
12. M.H. FazelZarandi, B. Razaee, I.B. Turksen, and E. Neshat A type-2 fuzzy rule-based expert system system model for stock price analysis Exp. Syst. Appl. 36 2009 139 154
13. Y. Feng, and B. Xiao A continuous-time yield management model with multiple prices and reversible price changes Manage. Sci. 46 5 2000 644 657
14. T.L. Friesz, R. Mookherjee, J. Holguin-Veras, and M.A. Rigdon Dynamic pricing in an urban freight environment Transport. Res. Part B 42 2008 305 324
15. G. Gallego, and G. van Ryzin Optimal dynamic pricing of inventories with stochastic demand over finite horizons Manage. Sci. 40 8 1994 999 1020
16. A. García-Ferrer, M. Bujosa, A. de Juan, and P. Poncela Demand forecast and elasticities estimation of public transport J. Transport. Econ. Policy 40 1 2006 45 67
17. K. Gkritza, M.G. Karlaftis, and F.L. Mannering Estimating multimodal transit ridership with a varying fare structure Transport. Res. Part A: Policy Pract. 45 2 2011 148 160
18. T. Gorin, and P. Belobaba Impacts of entry in airline markets: effects of revenue management on traditional measures of airline performance J. Air Transport. Manage. 10 2004 259 270
19. M. Graf, and A. Kimms An option-based revenue management procedure for strategic airline alliances Eur. J. Operat. Res. 215 2011 459 469
20. A. Haji, and M. Assadi Fuzzy expert systems and challenge of new product pricing Comput. Ind. Eng. 56 2009 616 630
21. K.L. Haws, and W.O. Bearden Dynamic pricing and consumer fairness perceptions J. Consum. Res. 33 2006 304 311
22. A. Jain, A.K. Varshney, and U.C. Joshi Water demand forecast modelling at IIT Kanpur using artificial neural networks Water Resour. Manage 15 5 2001 299 321
23. S.M.R. Kazemi, E. Hadavandi, F. Mehmanpazir, and M.M. Nakhostin 40 2013 101 110
24. D.R. Keshwani, D.D. Jones, G.E. Meyer, and R.M. Brand Rule-based Mamdani-type fuzzy modeling of skin permeability Appl. Soft Comput. 8 1 2008 285 294
25. A.J. Khattak, and A. Palma The impact of adverse weather conditions on the propensity to change travel decisions: a survey of Brussels commuters Transport. Res. Part A: Policy Pract. 31 3 1997 181 203
26. A. Kuyumcu, and A. Garcia-Diaz A polyhedral graph theory approach to revenue management in the airline industry Comput. Ind. Eng. 38 2000 375 396
27. W.-H. Lai, and C-T. Tsai Fuzzy rule-based analysis of firm's technology transfer in Taiwan's machinery industry Exp. Syst. Appl. 36 10 2009 12012 12022
28. L. Li, and P. Ji-hua Dynamic pricing model for airline revenue management under competition SETP 27 11 2007 15 25
29. B. Maddah, L. Moussawi-Haidar, M. El-Taha, and H. Rida Dynamic cruise ship revenue management Eur. J. Operat. Res. 207 2010 445 455
30. E.H. Mamdani Application of fuzzy algorithms for control of simple dynamic plant Proc. Inst. Electr. Eng. 121 12 1974 1585 1588
31. D. Nakandala, and H.C.W. Lau A novel approach to determining change of caloric intake requirement based on fuzzy logic methodology Knowl. - Based Syst. 36 2012 51 58
32. A.K. Nandi, and J.P. Davim A study of drilling performances with minimum quantity of lubricant using fuzzy logic rules Mechatronics 19 2 2009 218 232
33. E.U. Olugu, and K.Y. Wong An expert fuzzy rule-based system for closed-loop supply chain performance assessment in the automotive industry Exp. Syst. Appl. 39 2012 375 384
34. W.B. Powell Approximate Dynamic Programming: Solving the Curses of Dimensionality 2007 John Wiley & Sons Inc New Jersey
35. C. Quek, M. Pasquier, and B. Lim A novel self-organizing fuzzy rule-based system for modelling traffic flow behaviour Exp. Syst. Appl. 36 2009 12167 12178
36. J. Shahrabi, E. Hadavandi, and S. Asadi Developing a hybrid intelligent model for forecasting problems: case study of tourism demand time series Knowl. - Based Syst. 43 2013 112 122
37. S. Shakya, M. Kern, G. Owusu, and C.M. Chin Neural network demand models and evolutionary optimisers for dynamic pricing Knowl. - Based Syst. 29 2012 44 53
38. K. Tahera, R.N. Ibrahim, and P.B. Lochert A fuzzy logic approach for dealing with qualitative quality characteristics of a process Exp. Syst. Appl. 34 4 2008 2630 2638
39. T. Takagi, and M. Sugeno Fuzzy identification of systems and its applications to modeling and control IEEE Trans. Syst., Man Cybern. SMC-15 1 1985 116 132
40. K. Talluri, and G. van Ryzin The Theory and Practice of Revenue Management 2004 Kluwer Academic Publishers Boston
41. L. Tang, and P. Thakuriah Ridership effects of real-time bus information system: a case study in the City of Chicago Transport. Res. Part C 22 2012 146 161
42. T.-H. Tsai, and K.E. Train Discrete Choice Methods with Simulation 2009 Cambridge University Press NY
43. S. Ugurlu, Ö Coşgun, and Y. Ekinci A dynamic pricing model for a maritime transportation service provider Int. J. Comput. Intel. Syst. 5 2012 6
44. A. Ustundag, M.S. KIlInc, and E. Cevikcan Fuzzy rule-based system for the economic analysis of RFID investments Exp. Syst. Appl. 37 2010 5300 5306
45. C.H. Weng Mining fuzzy specific rare item sets for education data Knowl. - Based Syst. 24 5 2011 697 708
46. C.W. Yang, and C.C. Chang Applying price and time differentiation to modeling cabin choice in high-speed rail Transp. Res. Part E 47 1 2011 73 84
47. X. Yong-bo, C. Jian, and L. Xiao-ling Joint dynamic pricing for two parallel flights based on passenger choice behavior SETP 28 1 2008 46 55
48. L.A. Zadeh Fuzzy sets Inf. Control 8 1965 338 353
49. H. Zareipour, C.A. Canizares, K. Bhattacharya, and J. Thomson Application of public-domain market information to forecast Ontario's wholesale electricity prices IEEE Trans. Power Syst. 21 4 2006 1707 1717
50. D. Zhang, and W.L. Cooper Pricing substitutable flights in airline revenue management Eur. J. Oper. Res. 197 2009 848 861
51. W. Zhao, and Y.-S. Zheng Optimal dynamic pricing for perishable assets with nonhomogeneous demand Manage. Sci. 46 3 2000 375 388