Robust pricing solution for products and services

A system comprising:

• a model construction unit configured to:
• identify a plurality of origin-destination (OD) pairs within a transportation network;
• and
• calculate a plurality of ranges for price elasticities, comprising at least one price elasticity range for each of the OD pairs, wherein for each OD pair the associated range of the price elasticity spans multiple values;
• a model parameter unit configured to receive a robustness parameter;
• and
• an execution unit configured to calculate a pricing scheme based at least in part on the robustness parameter, wherein the pricing scheme includes a price for each of the OD pairs in the network and is at least partially based on the robustness parameter and the plurality of ranges for the price elasticities.

A computer program product comprising a computer readable storage medium having computer readable program code embodied thereon, the computer readable program code executable by a processor to perform a method comprising:

• identifying a plurality of origin-destination (OD) pairs within a transportation network;
• calculating a plurality of ranges for price elasticities, comprising at least one price elasticity range for each of the OD pairs, wherein for each OD pair the associated range of the price elasticity spans multiple values;
• receiving a robustness parameter;
• calculating a pricing scheme based at least in part on the robustness parameter, wherein the pricing scheme includes a price for each of the OD pairs in the network and is at least partially based on the robustness parameter and the plurality of ranges for the price elasticities.