Journal Article

Dr Shuixiu Lu

Authors: Shuixiu Lu - Sebastian Oberst



Nonlinear Dynamics

15263-15278 (2023

A manuscript was accepted and published in Nonlinear Dynamics, a top journal in Engineering Systems (Q1, Impact factor: 5.741)

Quality Indicators

Peer Reviewed

Q1 Journal as rated in SJR

Relevance to the Centre

Dynamic pricing depends on the understanding of uncertain demand. We ask the question whether a stochastic system is sufficient to model this uncertainty. Lu proposes a novel paradigm based on statistical analysis of recurrence quantification measures. The paradigm fits nonlinear dynamics by simultaneously optimizing both the determinism and the trapping time in recurrence plots and identifies an optimal time delay embedding Findings highlight the importance of fitting and recreating non-linear dynamics of data in modelling practical problems.

DOI: 10.1007/s11071-023-08629-x