Choosing the game and the stakes in a casino: A service pricing problem with many substitutable services

At any given time, a casino has to decide which table games to present to its customers and what betting limits to place on those tables. Understanding that a table games is a service and that the table limit is pricing, this is a classic service pricing problem. However, the number of tables and the fact that we can assign many different games to them leads to the novel research question: How do you which services to offer at what prices when customers have different preferences for each option? The resulting problem has the standard complications of a service problem with congestion but suffers from additional combinatorial challenges. The central goal of this project is to find efficient algorithms to answer this question.

Faculty Supervisor:

Dr. Michael Pavlin

Student:

Mohammadreza Farahani

Partner:

Tangam Systems Inc.

Discipline:

Engineering - computer / electrical

Sector:

Information and communications technologies

University:

University of Waterloo