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Concept

Profit maximization

Related publications (24)

Monopoly Pricing with Unknown Demand

Thomas Alois Weber

The optimal pricing of goods, especially when they are new and the innovating firm is a monopolist, must proceed without precise knowledge of the demand curve. This paper provides a pricing method with a relative robustness guarantee by maximizing a perfor ...

Wiley2025

Power performance of a model floating wind turbine subjected to cyclic pitch motion: A wind tunnel study

Fernando Porté Agel, Guiyue Duan, Daniele Gattari

Wind tunnel experiments were performed with a miniature floating wind turbine model to study the effects of cyclic pitch motion on its power performance. The cyclic pitch motion was prescribed by two key parameters: pitch frequency and amplitude. The power ...

IOPscience2024

Comparative techno-economic and energy analyses of integrated biorefinery processes of furfural and 5-hydroxymethylfurfural from biomass residue

François Maréchal

For efficient feedstock and energy utilization, integrated biorefinery processes are applied to furfural production from bagasse to convert furfural residue into 5-hydroxymethylfurfural (HMF)-an important intermediate building block for the production of v ...

PERGAMON-ELSEVIER SCIENCE LTD2023

Optimization and equilibrium problems with discrete choice models

Stefano Bortolomiol

Many transportation markets are characterized by oligopolistic competition. In these markets customers, suppliers and regulators make decisions that are influenced by the preferences and the decisions of all other agents. In particular, capturing and under ...

EPFL2022

Maintenance scheduling of manufacturing systems based on optimal price of the network

Olga Fink

Goods can exhibit positive externalities impacting decisions of customers in social networks. Suppliers can integrate these externalities in their pricing strategies to increase their revenue. Besides optimizing the prize, suppliers also have to consider t ...

Elsevier2022

Price-based regulation of oligopolistic markets under discrete choice models of demand

Michel Bierlaire, Virginie Janine Camille Lurkin, Stefano Bortolomiol

We propose a framework to find optimal price-based policies to regulate markets characterized by oligopolistic competition and in which consumers make a discrete choice among a finite set of alternatives. The framework accommodates general discrete choice ...

2022

Integrating advanced discrete choice models in mixed integer linear optimization

Michel Bierlaire, Meritxell Pacheco Paneque

In many transportation systems, a mismatch between the associated design and planning decisions and the demand is typically encountered. A tailored system is not only appealing to operators, which could have a better knowledge of their operational costs, b ...

PERGAMON-ELSEVIER SCIENCE LTD2021

The Theory, Practice, and Ethical Challenges of Designing a Diversity-Aware Platform for Social Relations

Daniel Gatica-Perez, Lakmal Buddika Meegahapola

Diversity-aware platform design is a paradigm that responds to the ethical challenges of existing social media platforms. Available platforms have been criticized for minimizing users' autonomy, marginalizing minorities, and exploiting users' data for prof ...

ASSOC COMPUTING MACHINERY2021

Numerical investigation on the volute cutwater for pumps running in turbine mode

Elena Vagnoni, Alessandro Morabito

The hydropower sector has recently raised the interest in pump as turbine (PaT) that can be a valid trade-off between capital cost and performance in micro-scale installations. Nevertheless, the modest efficiency of PaTs often restricts their exploitation. ...

Pergamon-Elsevier Science Ltd2021

Power Maximization and Fatigue-Load Mitigation in a Wind-turbine Array by Active Yaw Control: an LES Study

Fernando Porté Agel, Mou Lin

In this study, we perform a multi-objective parametric study for an array of three miniature wind turbines subjected to active yaw control (AYC), with the objectives of maximizing the power and minimizing the fatigue loads. Using the time series extracted ...

2020

A demand-based optimization approach to find market equilibria in oligopolies

Stefano Bortolomiol

Oligopolistic competition occurs often in transportation as well as in other markets due to reasons such as barriers to entry, limited capacity of the infrastructure and external regulations. In transport oligopolies, suppliers are profit maximizers and ta ...

2019

Aspects of the energy transition and their effects on power systems

Laurent Vincent Pagnier

Most European countries are committed to an energy transition which consists in the substitution of conventional CO2 emitting energy sources by new renewable energy sources (RES), in particular wind and solar power. As opposed to conventional energy source ...

EPFL2019

Multi T1-weighted contrast MRI with fluid and white matter suppression at 1.5 T

Tobias Kober, Giulio Gambarota

Introduction: The fluid and white matter suppression sequence (FLAWS) provides two T1-weighted co-registered datasets: a white matter (WM) suppressed contrast (FLAWS1) and a cerebrospinal fluid (CSF) suppressed contrast (FLAWS2). FLAWS has the potential to ...

ELSEVIER SCIENCE INC2019

On enforcing the necessary conditions of optimality under plant-model mismatch - What to measure and what to adapt?

Martand Singhal

Industrial processes are run with the aim of maximizing economic profit while simultaneously meeting process-critical constraints. To this end, model-based optimization can be performed to ensure optimal plant operations. Usually, inevitable model inaccura ...

EPFL2018

On the use of reservation-based autonomous vehicles for demand management

Nikolaos Geroliminis, Raphael Ali Francis Lamotte

Automated mobility on demand is foreseen as the future of urban passenger mobility. While mixed-traffic for autonomous and conventional vehicles could be considered, separation amplifies the benefits of automation. Combined with mobility as a service, sepa ...

2017

Heuristic algorithms for maximising the total profit of end-of-life computer remanufacturing

Dimitrios Kyritsis, Sangje Cho

Recently the optimisation of end-of-life (EOL) computer remanufacturing has been highlighted since a big amount of used computers have been disposed of every year. Each part inspected after disassembling EOL computers can have various EOL options such as r ...

Taylor & Francis Ltd2017

Coming Full Circle Why Social and Institutional Dimensions Matter for the Circular Economy

François Richard Vuille, Vincent Moreau

In light of the environmental consequences of linear production and consumption processes, the circular economy (CE) is gaining momentum as a concept and practice, promoting closed material cycles by focusing on multiple strategies from material recycling ...

Massachusetts Institute of Technology Press2017

A Distributed Algorithm for Partitioned Robust Submodular Maximization

Volkan Cevher, Jonathan Mark Scarlett, Slobodan Mitrovic, Ilija Bogunovic

In this paper, we consider the problem of maximizing a monotone submodular function subject to a cardinality constraint, with two added twists: The computation is distributed across a number of machines, and we require the solution to be robust against adv ...

2017

Robust Submodular Maximization: A Non-Uniform Partitioning Approach

Volkan Cevher, Jonathan Mark Scarlett, Slobodan Mitrovic, Ilija Bogunovic

We study the problem of maximizing a monotone submodular function subject to a cardinality constraint

k

, with the added twist that a number of items

\tau

from the returned set may be removed. We focus on the worst-case setting considered in Orlin et al ...

2017

Smart Products for Sharing

Thomas Alois Weber

Sharing markets create mutual insurance for consumers who are unsure about their future needs for goods, thus rendering products more valuable both before and after the purchase. By embedding intelligence in their products, enabling them to sense, monitor, ...

2017