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Article: A practical trial-and-error implementation of marginal-cost pricing on networks

TitleA practical trial-and-error implementation of marginal-cost pricing on networks
Authors
KeywordsTrial-and-error
Marginal cost
Network pricing problems
Variational inequality
Issue Date2010
Citation
Journal of Industrial and Management Optimization, 2010, v. 6, n. 2, p. 299-313 How to Cite?
AbstractThis paper proposes a trial-and-error implementation of marginal-cost pricing on transportation networks in the absence of both demand functions and travel time functions. Assuming that the corresponding link flows for given trial tolls are observable and that the approximations of the exact travel time functions are provided, the new trial is obtained via solving a system of equations. The new trial-and-error implementation is proved to be convergent globally under mild assumptions, and its improvements over existing methods are verified by some numerical experiments.
Persistent Identifierhttp://hdl.handle.net/10722/251253
ISSN
2023 Impact Factor: 1.2
2023 SCImago Journal Rankings: 0.364
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorHan, Deren-
dc.contributor.authorYang, Hai-
dc.contributor.authorYuan, Xiaoming-
dc.date.accessioned2018-02-01T01:55:01Z-
dc.date.available2018-02-01T01:55:01Z-
dc.date.issued2010-
dc.identifier.citationJournal of Industrial and Management Optimization, 2010, v. 6, n. 2, p. 299-313-
dc.identifier.issn1547-5816-
dc.identifier.urihttp://hdl.handle.net/10722/251253-
dc.description.abstractThis paper proposes a trial-and-error implementation of marginal-cost pricing on transportation networks in the absence of both demand functions and travel time functions. Assuming that the corresponding link flows for given trial tolls are observable and that the approximations of the exact travel time functions are provided, the new trial is obtained via solving a system of equations. The new trial-and-error implementation is proved to be convergent globally under mild assumptions, and its improvements over existing methods are verified by some numerical experiments.-
dc.languageeng-
dc.relation.ispartofJournal of Industrial and Management Optimization-
dc.subjectTrial-and-error-
dc.subjectMarginal cost-
dc.subjectNetwork pricing problems-
dc.subjectVariational inequality-
dc.titleA practical trial-and-error implementation of marginal-cost pricing on networks-
dc.typeArticle-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.3934/jimo.2010.6.299-
dc.identifier.scopuseid_2-s2.0-77952537616-
dc.identifier.volume6-
dc.identifier.issue2-
dc.identifier.spage299-
dc.identifier.epage313-
dc.identifier.eissn1553-166X-
dc.identifier.isiWOS:000276414300003-
dc.identifier.issnl1547-5816-

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