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

ISBN: 9783540680024

Published: March 1st 2007

Paperback

295 pages


Description

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

Dynamic Pricing and Automated Resource Allocation for Complex Information Services: Reinforcement Learning and Combinatorial Auctions by Michael Schwind
March 1st 2007 | Paperback | PDF, EPUB, FB2, DjVu, talking book, mp3, RTF | 295 pages | ISBN: 9783540680024 | 8.40 Mb

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. RecentMoreMany 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.



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