Resource Allocation with Reverse Pricing for Communication Networks
Abstract
Reverse pricing has been recognized as an effective tool to handle demand uncertainty in the travel industry (e.g., airlines and hotels). To investigate its viability for communication networks, we study the practical limitations of (operator-driven) time-dependent pricing that has been recently introduced, taking into account demand uncertainty. Compared to (operator-driven) time-dependent pricing, we show that the proposed pricing scheme can achieve "triple-win" solutions: an increase in the total average revenue of the operator; higher average resource utilization efficiency; and an increment in the total average payoff of the users. Our findings provide a new outlook on resource allocation, and design guidelines for adopting the reverse pricing scheme.
Cite
@article{arxiv.1504.06395,
title = {Resource Allocation with Reverse Pricing for Communication Networks},
author = {Sang Yeob Jung and Seong-Lyun Kim},
journal= {arXiv preprint arXiv:1504.06395},
year = {2016}
}
Comments
to appear in IEEE International Conference on Communications (ICC) 2016, Kuala Lumpur, Malaysia (6 pages, 3 figures)