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Dynamic Pricing and Automated Resource Allocation for Complex Information Services: Reinforcement Learning and Combinatorial Auctions

Dynamic Pricing and Automated Resource Allocation for Complex Information Services: Reinforcement Learning and Combinatorial Auctions

Schwind, Michael

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Many firms provide their customers with online information products which require limited resources such as server capacity. This book develops allocation mechanisms that aim to ensure an efficient resource allocation in modern IT-services. Recent methods of artificial intelligence, such as neural networks and reinforcement learning, and nature-oriented optimization methods, such as genetic algorithms and simulated annealing, are advanced and applied to allocation processes in distributed IT-infrastructures, e.g. grid systems. The author presents two methods, both of which using the users' willingness-to-pay to control the allocation process: The first approach uses a yield management method that tries to learn an optimal acceptance strategy for resource requests. The second method is a combinatorial auction able to deal with resource complementarities. The author finally generates a method to calculate dynamic resource prices, marking an important step towards the industrialization of grid systems.

Accessories:
No Accessory
Publisher
SPRINGER NATURE
Bisac Major Subject
Computers
Bisac Minor Subject
Management Information Systems
Binding Type
Paperback
Country Of Origin
DE
Number Of Units
1
Length
9.21 Inches
Barcode Indicator
ISBN
Width
6.14 Inches
Publication Date
1970-01-01
Height
0.65 Inches
ISBN 10
3540680020
Weight
0.97 Pounds
Book EAN
9783540680024
Target Audiance
Adults

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