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Register a new userA Performance-Based Scheme for Pricing Resources in the Cloud
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Added by
Tung Mai
Publication date
2016
fields
Informatics Engineering
and research's language is
English
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With the rapid growth of the cloud computing marketplace, the issue of pricing resources in the cloud has been the subject of much study in recent years. In this paper, we identify and study a new issue: how to price resources in the cloud so that the customers risk is minimized, while at the same time ensuring that the provider accrues his fair share. We do this by correlating the revenue stream of the customer to the prices charged by the provider. We show that our mechanism is incentive compatible in that it is in the best interest of the customer to provide his true revenue as a function of the resources rented. We next add another restriction to the price function, i.e., that it be linear. This removes the distortion that creeps in when the customer has to pay more money for less resources. Our algorithms for both the schemes mentioned above are efficient.
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During the last decade, scheduling the healthcare services (such as staffs and OTs) inside the hospitals have assumed a central role in healthcare. Recently, some works are addressed in the direction of hiring the expert consultants (mainly doctors) for the critical healthcare scenarios from outside of the medical unit, in both strategic and non-strategic settings under monetary and non-monetary perspectives. In this paper, we have tried to investigate the experts hiring problem with multiple patients and multiple experts; where each patient reports a preferred set of experts which is private information alongwith their private cost for consultancy. To the best of our knowledge, this is the first step in the direction of modeling the experts hiring problem in the combinatorial domain. In this paper, the combinatorial auction based scheme is proposed for hiring experts from outside of the hospitals to have expertise by the preferred doctors set to the patients.
Ridesharing platforms match drivers and riders to trips, using dynamic prices to balance supply and demand. A challenge is to set prices that are appropriately smooth in space and time, so that drivers with the flexibility to decide how to work will nevertheless choose to accept their dispatched trips, rather than drive to another area or wait for higher prices or a better trip. In this work, we propose a complete information model that is simple yet rich enough to incorporate spatial imbalance and temporal variations in supply and demand -- conditions that lead to market failures in todays platforms. We introduce the Spatio-Temporal Pricing (STP) mechanism. The mechanism is incentive-aligned, in that it is a subgame-perfect equilibrium for drivers to always accept their trip dispatches. From any history onward, the equilibrium outcome of the STP mechanism is welfare-optimal, envy-free, individually rational, budget balanced, and core-selecting. We also prove the impossibility of achieving the same economic properties in a dominant-strategy equilibrium. Simulation results show that the STP mechanism can achieve substantially improved social welfare and earning equity than a myopic mechanism.
This paper considers prior-independent mechanism design, in which a single mechanism is designed to achieve approximately optimal performance on every prior distribution from a given class. Most results in this literature focus on mechanisms with truthtelling equilibria, a.k.a., truthful mechanisms. Feng and Hartline (2018) introduce the revelation gap to quantify the loss of the restriction to truthful mechanisms. We solve a main open question left in Feng and Hartline (2018); namely, we identify a non-trivial revelation gap for revenue maximization. Our analysis focuses on the canonical problem of selling a single item to a single agent with only access to a single sample from the agents valuation distribution. We identify the sample-bid mechanism (a simple non-truthful mechanism) and upper-bound its prior-independent approximation ratio by 1.835 (resp. 1.296) for regular (resp. MHR) distributions. We further prove that no truthful mechanism can achieve prior-independent approximation ratio better than 1.957 (resp. 1.543) for regular (resp. MHR) distributions. Thus, a non-trivial revelation gap is shown as the sample-bid mechanism outperforms the optimal prior-independent truthful mechanism. On the hardness side, we prove that no (possibly non-truthful) mechanism can achieve prior-independent approximation ratio better than 1.073 even for uniform distributions.
We consider a robust version of the revenue maximization problem, where a single seller wishes to sell $n$ items to a single unit-demand buyer. In this robust version, the seller knows the buyers marginal value distribution for each item separately, but not the joint distribution, and prices the items to maximize revenue in the worst case over all compatible correlation structures. We devise a computationally efficient (polynomial in the support size of the marginals) algorithm that computes the worst-case joint distribution for any choice of item prices. And yet, in sharp contrast to the additive buyer case (Carroll, 2017), we show that it is NP-hard to approximate the optimal choice of prices to within any factor better than $n^{1/2-epsilon}$. For the special case of marginal distributions that satisfy the monotone hazard rate property, we show how to guarantee a constant fraction of the optimal worst-case revenue using item pricing; this pricing equates revenue across all possible correlations and can be computed efficiently.
Cooperative multihop communication can greatly increase network throughput, yet packet forwarding for other nodes involves opportunity and energy cost for relays. Thus one of the pre-requisite problems in the successful implementation of multihop transmission is how to foster cooperation among selfish nodes. Existing researches mainly adopt monetary stimulating. In this manuscript, we propose instead a simple and self-enforcing forwarding incentive scheme free of indirect monetary remunerating for asymmetric (uplink multihop, downlink single-hop) cellar network based on coalitional game theory, which comprises double compensation, namely, Inter- BEA, global stimulating policy allotting resources among relaying coalitions according to group size, and Intra-BEA, local compensating and allocating rule within coalitions. Firstly, given the global allotting policy, we introduce a fair allocation estimating approach which includes remunerating for relaying cost using Myerson value for partition function game, to enlighten the design of local allocating rules. Secondly, given the inter- and intra-BEA relay fostering approach, we check stability of coalition structures in terms of internal and external stability as well as inductive core. Theoretic analysis and numerical simulation show that our measure can provide communication opportunities for outer ring nodes and enlarge system coverage, while at the same time provide enough motivation with respect to resource allocation and energy saving for nodes in inner and middle ring to relay for own profits.
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