METHOD AND SYSTEM FOR ONLINE ADAPTIVE PRICING IN RIDE-HAILING PLATFORMS

摘要

Methods, systems, and apparatus, including computer programs encoded on computer storage media, for determining price multipliers in a ride-hailing platform are described. An exemplary method may comprise: obtaining a price multiplier that has been applied in a pricing unit of the ride-hailing platform during a previous period of time and a key performance indicator (KPI) value of the pricing unit during the previous period of time; constructing a hash key; updating a hash table based on the KPI value and the hash key; determining whether to perform exploration or exploitation for a current period of time; when it is determined to perform exploration, selecting a new price multiplier; and when it is determined to perform exploitation: determining the new price multiplier based on one or more entries in the hash table to apply to the pricing unit for the current period of time.