Dynamic pricing and resource allocation using revenue management for multiservice networks
File(s)DynamicP_F.PDF (154.58 KB)
Accepted version
Author(s)
Zachariadis, G
Barria, JA
Type
Journal Article
Abstract
In this paper we develop a novel multiple-classes-ofservice framework where offered prices and QoS are allowed to be actively modified by the provider, depending on the demand and the congestion of the system. We obtain a solution to the problem by using dynamic programming. These results are then extended to a network environment using a decomposition approach. The decomposition approach makes our solution scalable, since single-link solutions are used and minimal amount of information is explicitly exchanged. Assessments carried out for small networks show that the obtained income is improved between 2%-20% when compared to a static approach and to other approaches where only price or quality are allowed to be adaptive.
Version
Accepted version
Date Issued
2008-12
Citation
IEEE Transactions on Network and Service Management, 2008, 5 (4), pp.215-226
ISSN
1932-4537
Publisher
IEEE
Start Page
215
End Page
226
Journal / Book Title
IEEE Transactions on Network and Service Management
Volume
5
Issue
4
Copyright Statement
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Source Volume Number
5
Coverage Spatial
U.S.