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» Do Auctioneers Pick Optimal Reserve Prices
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AAAI
2008
13 years 8 months ago
Bidding Strategies for Realistic Multi-Unit Sealed-Bid Auctions
When autonomous agents decide on their bidding strategies in real world auctions, they have a number of concerns that go beyond the models that are normally analyzed in traditiona...
Ioannis A. Vetsikas, Nicholas R. Jennings
AAAI
2000
13 years 7 months ago
Improved Algorithms for Optimal Winner Determination in Combinatorial Auctions and Generalizations
Combinatorial auctions can be used to reach efficient resource and task allocations in multiagent systems where the items are complementary. Determining the winners is NP-complete...
Tuomas Sandholm, Subhash Suri
AMMA
2009
Springer
14 years 29 days ago
Auctions with Dynamic Populations: Efficiency and Revenue Maximization
ABSTRACT: We examine an environment where goods and privately informed buyers arrive stochastically to a market. A seller in this setting faces a sequential allocation problem with...
Maher Said
ICDCS
2012
IEEE
11 years 8 months ago
Towards Optimal Capacity Segmentation with Hybrid Cloud Pricing
—Cloud resources are usually priced in multiple markets with different service guarantees. For example, Amazon EC2 prices virtual instances under three pricing schemes — the su...
Wei Wang, Baochun Li, Ben Liang
CORR
2011
Springer
209views Education» more  CORR 2011»
12 years 10 months ago
Close the Gaps: A Learning-while-Doing Algorithm for a Class of Single-Product Revenue Management Problems
In this work, we consider a retailer selling a single product with limited on-hand inventory over a finite selling season. Customer demand arrives according to a Poisson process,...
Zizhuo Wang, Shiming Deng, Yinyu Ye