Practical Marketplace Optimization at Uber Using Causally-Informed Machine Learning

Budget allocation of marketplace levers, such as incentives for drivers and promotions for riders, has long been a technical and business challenge at Uber; understanding lever budget changes' impact and estimating cost efficiency to achieve predefined budgets is crucial, with the goal of optim...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Chen, Bobby, Chen, Siyu, Dowlatabadi, Jason, Hong, Yu Xuan, Iyer, Vinayak, Mantripragada, Uday, Narang, Rishabh, Pandey, Apoorv, Qin, Zijun, Sheikh, Abrar, Sun, Hongtao, Sun, Jiaqi, Walker, Matthew, Wei, Kaichen, Xu, Chen, Yang, Jingnan, Zhang, Allen T, Zhang, Guoqing
Format: Artikel
Sprache:eng
Schlagworte:
Online-Zugang:Volltext bestellen
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:Budget allocation of marketplace levers, such as incentives for drivers and promotions for riders, has long been a technical and business challenge at Uber; understanding lever budget changes' impact and estimating cost efficiency to achieve predefined budgets is crucial, with the goal of optimal allocations that maximize business value; we introduce an end-to-end machine learning and optimization procedure to automate budget decision-making for cities, relying on feature store, model training and serving, optimizers, and backtesting; proposing state-of-the-art deep learning (DL) estimator based on S-Learner and a novel tensor B-Spline regression model, we solve high-dimensional optimization with ADMM and primal-dual interior point convex optimization, substantially improving Uber's resource allocation efficiency.
DOI:10.48550/arxiv.2407.19078