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Merchants on modern e-commerce platforms face a highly competitive environment. They compete against each other using automated dynamic pricing and ordering strategies. Successfully managing both inventory levels as well as offer prices is a challenging task as (i) demand is uncertain, (ii) competitors strategically interact, and (iii) optimized pricing and ordering decisions are mutually dependent. We show how to derive optimized data-driven pricing and ordering strategies which are based on demand learning techniques and efficient dynamic optimization models. We verify the superior performance of our self-adaptive strategies by comparing them to different rule-based as well as data-driven strategies in duopoly and oligopoly settings. Further, to study and to optimize joint dynamic ordering and pricing strategies on online marketplaces, we built an interactive simulation platform. To be both flexible and scalable, the platform has a microservice-based architecture and allows handling dozens of competing merchants and streams of consumers with configurable characteristics.
Human mortality shows a pronounced temperature dependence. The minimum mortality temperature (MMT) as a characteristic point of the temperature-mortality relationship is influenced by many factors. As MMT estimates are based on case studies, they are sporadic, limited to data-rich regions, and their drivers have not yet been clearly identified across case studies. This impedes the elaboration of spatially comprehensive impact studies on heat-related mortality and hampers the temporal transfer required to assess climate change impacts. Using 400 MMTs from cities, we systematically establish a generalised model that is able to estimate MMTs (in daily apparent temperature) for cities, based on a set of climatic, topographic and socio-economic drivers. A sigmoid model prevailed against alternative model setups due to having the lowest Akaike Information Criterion (AICc) and the smallest RMSE. We find the long-term climate, the elevation, and the socio-economy to be relevant drivers of our MMT sample within the non-linear parametric regression model. A first model application estimated MMTs for 599 European cities ( >100 000 inhabitants) and reveals a pronounced decrease in MMTs (27.8-16 degrees C) from southern to northern cities. Disruptions of this pattern across regions of similar mean temperatures can be explained by socio-economic standards as noted for central eastern Europe. Our alternative method allows to approximate MMTs independently from the availability of daily mortality records. For the first time, a quantification of climatic and non-climatic MMT drivers has been achieved, which allows to consider changes in socio-economic conditions and climate. This work contributes to the comparability among MMTs beyond location-specific and regional limits and, hence, towards a spatially comprehensive impact assessment for heat-related mortality.