Residential College | false |
Status | 已發表Published |
Online Combinatorial Auctions for Resource Allocation with Supply Costs and Capacity Limits | |
Tan Xiaoqi1; Leon-Garcia Alberto1; Wu Yuan2; Tsang Danny H.K.3 | |
2020-04 | |
Source Publication | IEEE Journal on Selected Areas in Communications |
ISSN | 0733-8716 |
Volume | 38Issue:4Pages:655-668 |
Abstract | We study a general online combinatorial auction problem in algorithmic mechanism design. A provider allocates multiple types of capacity-limited resources to customers that arrive in a sequential and arbitrary manner. Each customer has a private valuation function on bundles of resources that she can purchase (e.g., a combination of different resources such as CPU and RAM in cloud computing). The provider charges payment from customers who purchase a bundle of resources and incurs an increasing supply cost with respect to the totality of resources allocated. The goal is to maximize the social welfare, namely, the total valuation of customers for their purchased bundles, minus the total supply cost of the provider for all the resources that have been allocated. We adopt the competitive analysis framework and provide posted-price mechanisms with optimal competitive ratios. Our pricing mechanism is optimal in the sense that no other online algorithms can achieve a better competitive ratio. We validate the theoretic results via empirical studies of online resource allocation in cloud computing. Our numerical results demonstrate that the proposed pricing mechanism is competitive and robust against system uncertainties and outperforms existing benchmarks. |
Keyword | Combinatorial Auctions Mechanism Design Online Algorithms Posted Price Resource Allocation |
DOI | 10.1109/JSAC.2020.2971810 |
URL | View the original |
Indexed By | SCIE |
Language | 英語English |
WOS Research Area | Engineering ; Telecommunications |
WOS Subject | Engineering, Electrical & Electronic ; Telecommunications |
WOS ID | WOS:000531423400003 |
Publisher | IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC, 445 HOES LANE, PISCATAWAY, NJ 08855-4141 USA |
Scopus ID | 2-s2.0-85084404939 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | University of Macau |
Corresponding Author | Tan Xiaoqi |
Affiliation | 1.Edward S. Rogers Sr. Department of Electrical and Computer Engineering,University of Toronto,Toronto,Canada 2.State Key Laboratory of Internet of Things for Smart City,University of Macau,Macao 3.Department of Electronic and Computer Engineering,Hong Kong University of Science and Technology,Hong Kong |
Recommended Citation GB/T 7714 | Tan Xiaoqi,Leon-Garcia Alberto,Wu Yuan,et al. Online Combinatorial Auctions for Resource Allocation with Supply Costs and Capacity Limits[J]. IEEE Journal on Selected Areas in Communications, 2020, 38(4), 655-668. |
APA | Tan Xiaoqi., Leon-Garcia Alberto., Wu Yuan., & Tsang Danny H.K. (2020). Online Combinatorial Auctions for Resource Allocation with Supply Costs and Capacity Limits. IEEE Journal on Selected Areas in Communications, 38(4), 655-668. |
MLA | Tan Xiaoqi,et al."Online Combinatorial Auctions for Resource Allocation with Supply Costs and Capacity Limits".IEEE Journal on Selected Areas in Communications 38.4(2020):655-668. |
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