Resource allocation with reverse pricing for communication networks

Sang Yeob Jung, Seong Lyun Kim

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

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 languageEnglish
Title of host publication2016 IEEE International Conference on Communications, ICC 2016
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781479966646
DOIs
Publication statusPublished - 2016 Jul 12
Event2016 IEEE International Conference on Communications, ICC 2016 - Kuala Lumpur, Malaysia
Duration: 2016 May 222016 May 27

Publication series

Name2016 IEEE International Conference on Communications, ICC 2016

Other

Other2016 IEEE International Conference on Communications, ICC 2016
CountryMalaysia
CityKuala Lumpur
Period16/5/2216/5/27

Fingerprint

Resource allocation
Telecommunication networks
Costs
Hotels
Industry
Uncertainty

All Science Journal Classification (ASJC) codes

  • Computer Networks and Communications

Cite this

Jung, S. Y., & Kim, S. L. (2016). Resource allocation with reverse pricing for communication networks. In 2016 IEEE International Conference on Communications, ICC 2016 [7510973] (2016 IEEE International Conference on Communications, ICC 2016). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/ICC.2016.7510973
Jung, Sang Yeob ; Kim, Seong Lyun. / Resource allocation with reverse pricing for communication networks. 2016 IEEE International Conference on Communications, ICC 2016. Institute of Electrical and Electronics Engineers Inc., 2016. (2016 IEEE International Conference on Communications, ICC 2016).
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Jung, SY & Kim, SL 2016, Resource allocation with reverse pricing for communication networks. in 2016 IEEE International Conference on Communications, ICC 2016., 7510973, 2016 IEEE International Conference on Communications, ICC 2016, Institute of Electrical and Electronics Engineers Inc., 2016 IEEE International Conference on Communications, ICC 2016, Kuala Lumpur, Malaysia, 16/5/22. https://doi.org/10.1109/ICC.2016.7510973

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 proceedingConference contribution

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Jung SY, Kim SL. Resource allocation with reverse pricing for communication networks. In 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). https://doi.org/10.1109/ICC.2016.7510973