Optimal Price Choice through Buyers' Preferences Entropy

Andriy Goncharenko

doi:10.1109/ACIT49673.2020.9208892

Optimal Price Choice through Buyers' Preferences Entropy

Andriy Goncharenko

National Aviation University

Research output: Contribution to journal › Conference article › peer-review

7 Scopus citations

Abstract

This paper goal is to investigate theoretically an optimality of the buyer and seller conflict solution. The entropy approach is proposed. It allows taking into account the uncertainty of the preferences distributions. Illustrative numerical example is presented. Necessary diagrams are plotted.

Original language	English
Article number	9208892
Pages (from-to)	537-540
Number of pages	4
Journal	Proceedings - International Conference on Advanced Computer Information Technologies, ACIT
DOIs	https://doi.org/10.1109/ACIT49673.2020.9208892
State	Published - 2020
Externally published	Yes
Event	10th International Conference on Advanced Computer Information Technologies, ACIT 2020 - Deggendorf, Germany Duration: 16 Sep 2020 → 18 Sep 2020

Keywords

economic activity
entropy
mathematical model
option
subjective preference

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10.1109/ACIT49673.2020.9208892

Cite this

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title = "Optimal Price Choice through Buyers' Preferences Entropy",

abstract = "This paper goal is to investigate theoretically an optimality of the buyer and seller conflict solution. The entropy approach is proposed. It allows taking into account the uncertainty of the preferences distributions. Illustrative numerical example is presented. Necessary diagrams are plotted.",

keywords = "economic activity, entropy, mathematical model, option, subjective preference",

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AB - This paper goal is to investigate theoretically an optimality of the buyer and seller conflict solution. The entropy approach is proposed. It allows taking into account the uncertainty of the preferences distributions. Illustrative numerical example is presented. Necessary diagrams are plotted.

KW - economic activity

KW - entropy

KW - mathematical model

KW - option

KW - subjective preference

UR - https://www.scopus.com/pages/publications/85094133186

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DO - 10.1109/ACIT49673.2020.9208892

M3 - 会议文章

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SN - 2770-5218

SP - 537

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JO - Proceedings - International Conference on Advanced Computer Information Technologies, ACIT

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T2 - 10th International Conference on Advanced Computer Information Technologies, ACIT 2020

Y2 - 16 September 2020 through 18 September 2020

ER -

Optimal Price Choice through Buyers' Preferences Entropy

Abstract

Keywords

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