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“PIN Optimal Auction Vehicle Distribution (ODAV) System: Applying Price Forecasting, Elasticity Estimation, and Genetic Algorithm to Used Vehicle Distribution” by Jie Du, Lili Xie, and Stephan Schroeder (J. D. Power and Associates) Automotive manufacturers and their captive channels need to remarket their rental fleet return vehicles and lease return vehicles at auctions throughout the US Realized prices depend on a number of characteristics related to the car (make, model, features and condition), the mix of consumers in each geographic area, and local dynamics of supply and demand. Many of these factors are changing quite rapidly. J. D. Power’s model generates a vehicle distribution plan to maximize the auction net profit by considering the auction price arbitrage across the country, costs associated with the vehicle shipping, and business constraints simultaneously. A number of automotive manufacturers and their captives use the system each day to allocate their incoming return vehicles and realize substantial savings over the previously implemented system.
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Video Length: 2169
Date Found: June 10, 2010
Date Produced: June 10, 2010
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MIT TechTV |
July 13, 2011
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MIT TechTV |
July 07, 2011
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MIT TechTV |
June 27, 2011
The emerging cleantech venture`s pilot has been supported by government grants now it is time to scale. Cleantech requires significant funding, often larger than traditional vc`s are structured to support. How does a cleantech venture scale to grow? Hear from national project developer ...
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MIT TechTV |
June 27, 2011
Three leading New York venture capital firms will provide their strategies for 2011. Understanding venture capital firms’ strategies is critical in order to obtain venture capital. Prior to the panel discussion, PwC will present a summary of the 3rd quarter 2010 MoneyTree Report. The MoneyTree ...
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MIT TechTV |
June 27, 2011
With the recent passage of healthcare reform legislation, corporate consolidations, and a `get tough` policy at the FDA, it is difficult to tell what the commercial healthcare landscape will look like during the next five years. A distinguished panel of experts representing biopharmaceuticals, ...
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