Title :
Service capacity allocation and pricing
Author :
Tian, Chunhua ; Li, Feng ; Cao, RongZeng ; Ding, Wei
Author_Institution :
IBM China Res. Lab., Beijing
Abstract :
This paper studies service revenue management problem by combining resource allocation with pricing optimization. We begin a homogeneous and deterministic demand scenario, where the optimization can be deduced to a linear equation problem. Then we show how such property can be leveraged in stochastic and heterogeneous scenarios to reduce computational complexity. The efficiency of such algorithm is illustrated in the experiment by the comparison with some popular algorithms.
Keywords :
financial management; optimisation; pricing; resource allocation; telecommunication network management; telecommunication services; computational complexity; linear equation problem; pricing optimization; resource allocation; service capacity allocation; service pricing; service revenue management problem; Communication industry; Computational complexity; Computer network management; Costs; Elasticity; Equations; Pricing; Resource management; Stochastic processes; Web and internet services; capacity allocation; revenue management; service pricing;
Conference_Titel :
Network Operations and Management Symposium, 2008. NOMS 2008. IEEE
Conference_Location :
Salvador, Bahia
Print_ISBN :
978-1-4244-2065-0
Electronic_ISBN :
1542-1201
DOI :
10.1109/NOMS.2008.4575187
