Dynamic Allocation And Pricing

Author : Alex Gershkov
Publisher : MIT Press
ISBN 13 : 0262552442
Total Pages : 209 pages
Book Rating : 4.48/5 ( download)

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Download or read book Dynamic Allocation and Pricing written by Alex Gershkov and published by MIT Press. This book was released on 2024-06-11 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new approach to dynamic allocation and pricing that blends dynamic paradigms from the operations research and management science literature with classical mechanism design methods. Dynamic allocation and pricing problems occur in numerous frameworks, including the pricing of seasonal goods in retail, the allocation of a fixed inventory in a given period of time, and the assignment of personnel to incoming tasks. Although most of these problems deal with issues treated in the mechanism design literature, the modern revenue management (RM) literature focuses instead on analyzing properties of restricted classes of allocation and pricing schemes. In this book, Alex Gershkov and Benny Moldovanu propose an approach to optimal allocations and prices based on the theory of mechanism design, adapted to dynamic settings. Drawing on their own recent work on the topic, the authors describe a modern theory of RM that blends the elegant dynamic models from the operations research (OR), management science, and computer science literatures with techniques from the classical mechanism design literature. Illustrating this blending of approaches, they start with well-known complete information, nonstrategic dynamic models that yield elegant explicit solutions. They then add strategic agents that are privately informed and then examine the consequences of these changes on the optimization problem of the designer. Their sequential modeling of both nonstrategic and strategic logic allows a clear picture of the delicate interplay between dynamic trade-offs and strategic incentives. Topics include the sequential assignment of heterogeneous objects, dynamic revenue optimization with heterogeneous objects, revenue maximization in the stochastic and dynamic knapsack model, the interaction between learning about demand and dynamic efficiency, and dynamic models with long-lived, strategic agents.

Author : Michael Schwind
Publisher : Springer Science & Business Media
ISBN 13 : 3540680039
Total Pages : 305 pages
Book Rating : 4.31/5 ( download)

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Download or read book Dynamic Pricing and Automated Resource Allocation for Complex Information Services written by Michael Schwind and published by Springer Science & Business Media. This book was released on 2007-04-24 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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, or grid systems.

Author : Pamela Hsuan-Lo Chang
Publisher :
ISBN 13 :
Total Pages : 240 pages
Book Rating : 4.61/5 ( download)

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Download or read book Essays on Dynamic Allocation and Pricing written by Pamela Hsuan-Lo Chang and published by . This book was released on 1991 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Junaid Farooq
Publisher : John Wiley & Sons
ISBN 13 : 1119716098
Total Pages : 228 pages
Book Rating : 4.99/5 ( download)

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Download or read book Resource Management for On-Demand Mission-Critical Internet of Things Applications written by Junaid Farooq and published by John Wiley & Sons. This book was released on 2021-09-08 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: RESOURCE MANAGEMENT FOR ON-DEMAND MISSION-CRITICAL INTERNET OF THINGS APPLICATIONS Discover an insightful and up-to-date treatment of resource management in Internet of Things technology In Resource Management for On-Demand Mission-Critical Internet of Things ­Applications, an expert team of engineers delivers an insightful analytical perspective on modeling and decision support for mission-critical Internet of Things applications. The authors dissect the complex IoT ecosystem and provide a cross-layer perspective on the design and operation of IoT, especially in the context of smart and connected communities. The book offers an economic perspective on resource management in IoT systems with a particular emphasis on three main areas: spectrum management via reservation, allocation of cloud/fog resources to IoT applications, and resource provisioning to smart city service requests. It leverages theories from dynamic mechanism design, optimal control theory, and spatial point processes, providing an overview of integrated decision-making frameworks. Finally, the authors discuss future directions and relevant problems on the economics of resource management from new perspectives, like security and resilience. Readers will also enjoy the inclusion of: A thorough introduction and overview of IoT applications in smart cities, mission critical IoT services and requirements, and key metrics and research challenges A comprehensive exploration of the allocation of spectrum resources to mission critical IoT applications, including the massive surge of IoT and spectrum scarcity problem Practical discussions of the provisioning of cloud/fog computing resources to IoT applications, including allocation policy In-depth examinations of resource provisioning to spatio-temporal service requests in smart cities Perfect for engineers working on Internet of Things and cyber-physical systems, Resource Management for On-Demand Mission-Critical Internet of Things Applications is also an indispensable reference for graduate students, researchers, and professors with an interest in IoT resource management.

Author : James Picerno
Publisher : Bloomberg Press
ISBN 13 : 9781576603598
Total Pages : 256 pages
Book Rating : 4.98/5 ( download)

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Download or read book Dynamic Asset Allocation written by James Picerno and published by Bloomberg Press. This book was released on 2010-02-17 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today’s modern portfolio theory is not your father’s MPT. It has undergone many changes in the past fifty years. Indeed, a new understanding of MPT has emerged, one that has a significant impact on managing asset allocation—especially in today’s turbulent markets. Dynamic Asset Allocation interprets and integrates the developments in modern portfolio theory: from the efficient-market hypothesis and indexing of decades past to strategies for building winning portfolios today. The book is filled with practical, hands-on advice for investors, including guidance on approaching investment as a risk-management task.

Author : Joonsoo Bae
Publisher : Springer
ISBN 13 : 3319195093
Total Pages : 199 pages
Book Rating : 4.94/5 ( download)

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Download or read book Asia Pacific Business Process Management written by Joonsoo Bae and published by Springer. This book was released on 2015-06-15 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the proceedings of the Third Asia Pacific Conference on Business Process Management held in Busan, South Korea, in June 2015. Overall, 37 contributions from ten countries were submitted. After each submission was reviewed by at least three Program Committee members, 12 full and two short papers were accepted for publication in this volume. These papers cover various topics and are categorized under four main research focuses in BPM: advancement in workflow technologies, resources allocation strategies, process mining, and emerging topics in BPM.

Author : Richard Jones
Publisher : John Wiley & Sons
ISBN 13 :
Total Pages : 418 pages
Book Rating : 4.66/5 ( download)

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Download or read book Garbage Collection written by Richard Jones and published by John Wiley & Sons. This book was released on 1996-08-16 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Eliminating unwanted or invalid information from a computer's memory can dramatically improve the speed and officiency of the program. this reference presents full descriptions of the most important algorithms used for this eliminatino, called garbage collection. Each algorith is explained in detail with examples illustrating different results.

Author : Abraham Lioui
Publisher : Springer Science & Business Media
ISBN 13 : 9780387241074
Total Pages : 290 pages
Book Rating : 4.78/5 ( download)

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Download or read book Dynamic Asset Allocation with Forwards and Futures written by Abraham Lioui and published by Springer Science & Business Media. This book was released on 2005-03-30 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an advanced text on the theory of forward and futures markets which aims at providing readers with a comprehensive knowledge of how prices are established and evolve over time, what optimal strategies one can expect from the participants, what characterizes such markets and what major theoretical and practical differences distinguish futures from forward contracts. It should be of interest to students (majoring in finance with quantitative skills) academics (both theoreticians and empiricists), practitioners, and regulators.

Author : Maria Soto
Publisher : John Wiley & Sons
ISBN 13 : 1118577663
Total Pages : 149 pages
Book Rating : 4.60/5 ( download)

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Download or read book Memory Allocation Problems in Embedded Systems written by Maria Soto and published by John Wiley & Sons. This book was released on 2013-01-24 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: Embedded systems are everywhere in contemporary life and are supposed to make our lives more comfortable. In industry, embedded systems are used to manage and control complex systems (e.g. nuclear power plants, telecommunications and flight control) and they are also taking an important place in our daily activities (e.g. smartphones, security alarms and traffic lights). In the design of embedded systems, memory allocation and data assignment are among the main challenges that electronic designers have to face. In fact, they impact heavily on the main cost metrics (power consumption, performance and area) in electronic devices. Thus designers of embedded systems have to pay careful attention in order to minimize memory requirements, thus improving memory throughput and limiting the power consumption by the system’s memory. Electronic designers attempt to minimize memory requirements with the aim of lowering the overall system costs. A state of the art of optimization techniques for memory management and data assignment is presented in this book.

Author : Sridhar, Varadharajan
Publisher : IGI Global
ISBN 13 : 1466620277
Total Pages : 356 pages
Book Rating : 4.78/5 ( download)

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Download or read book Web-Based Multimedia Advancements in Data Communications and Networking Technologies written by Sridhar, Varadharajan and published by IGI Global. This book was released on 2012-08-31 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book highlights comprehensive research that will enable readers to understand, manage, use, and maintain business data communication networks more effectively"--Provided by publisher.