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.
| Original language | English |
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| Title of host publication | 2016 IEEE International Conference on Communications, ICC 2016 |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| ISBN (Electronic) | 9781479966646 |
| DOIs | |
| Publication status | Published - 2016 Jul 12 |
| Event | 2016 IEEE International Conference on Communications, ICC 2016 - Kuala Lumpur, Malaysia Duration: 2016 May 22 → 2016 May 27 |
Publication series
| Name | 2016 IEEE International Conference on Communications, ICC 2016 |
|---|
Other
| Other | 2016 IEEE International Conference on Communications, ICC 2016 |
|---|---|
| Country | Malaysia |
| City | Kuala Lumpur |
| Period | 16/5/22 → 16/5/27 |
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All Science Journal Classification (ASJC) codes
- Computer Networks and Communications
Cite this
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Resource allocation with reverse pricing for communication networks. / Jung, Sang Yeob; Kim, Seong Lyun.
2016 IEEE International Conference on Communications, ICC 2016. Institute of Electrical and Electronics Engineers Inc., 2016. 7510973 (2016 IEEE International Conference on Communications, ICC 2016).Research output: Chapter in Book/Report/Conference proceeding › Conference contribution
TY - GEN
T1 - Resource allocation with reverse pricing for communication networks
AU - Jung, Sang Yeob
AU - Kim, Seong Lyun
PY - 2016/7/12
Y1 - 2016/7/12
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=84981328308&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84981328308&partnerID=8YFLogxK
U2 - 10.1109/ICC.2016.7510973
DO - 10.1109/ICC.2016.7510973
M3 - Conference contribution
AN - SCOPUS:84981328308
T3 - 2016 IEEE International Conference on Communications, ICC 2016
BT - 2016 IEEE International Conference on Communications, ICC 2016
PB - Institute of Electrical and Electronics Engineers Inc.
ER -