By Michael Schwind
Many enterprises supply their consumers with on-line details items which require restricted assets equivalent to server ability. This e-book develops allocation mechanisms that objective to make sure a good source allocation in glossy IT-services. contemporary tools of synthetic intelligence, equivalent to neural networks and reinforcement studying, and nature-oriented optimization tools, reminiscent of genetic algorithms and simulated annealing, are complicated and utilized to allocation procedures in disbursed IT-infrastructures, e.g. grid platforms. the writer provides equipment, either one of which utilizing the clients’ willingness-to-pay to manage the allocation strategy: the 1st process makes use of a yield administration technique that attempts to profit an optimum popularity procedure for source requests. the second one approach is a combinatorial public sale in a position to care for source complementarities. the writer eventually generates a mode to calculate dynamic source costs, marking an enormous step in the direction of the industrialization of grid platforms.
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Extra resources for Dynamic Pricing and Automated Resource Allocation for Complex Information Services: Reinforcement Learning and Combinatorial Auctions
Example text
119). However, the results of this competition are not predictable, which leads to one of Hayek’s core propositions, the ‘constitutional ignorance’20 of economic acting individuals. 19 20 “Das ¨ okonomische Grundproblem der Gesellschaft ist daher nicht nur eine Frage der Allokation gegebener Ressourcen ... Es ist vielmehr ein Problem der Sicherung der besten Verwendung gegebener Ressourcen, die manchen Mitgliedern der Gesellschaft bekannt sind f¨ ur Zwecke, deren relative Bedeutung nur einzelnen Individuen bekannt sind.
A decentralized approach allows the collaboration of multiple actors in the allocation process. Cooperative versus non-cooperative: Scheduling and allocation mechanisms are called “cooperative” if schedulers allow the use of the resources of one profit center for other profit centers without asking for immediate compensation. Non-cooperative mechanisms are often employed in the context of autonomous agent modeling and imply that the agents try to keep the resources for their exclusive use.
B2B pricing applicaPricing tions strive for ANS to reduce costs. The efficiency of NBP allocation corresponds to the negotiating talent and bargaining position of the parties. ANS can help to achieve balanced pricing and allocation. Auctions Processing time and pricing cost of auctions strongly depends on the auction type and implementation. Recent e-commerce applications of auctions lead to low per item pricing costs. Allocation and pricing efficiency of auctions varies heavily with the chosen mechanism.