Dynamic Pricing and Automated Resource Allocation for Complex Information Services

Efficient resource allocation in modern IT services is the focus of this book, which explores advanced allocation mechanisms utilizing artificial intelligence techniques like neural networks and reinforcement learning, alongside nature-inspired optimization methods. It presents two innovative approaches: a yield management strategy for optimizing resource request acceptance and a combinatorial auction addressing resource complementarities. Additionally, the author introduces a method for calculating dynamic resource prices, contributing significantly to the development of grid systems.