Budgeted personalized incentive approaches for smoothing congestion in resource networks
Congestion occurs when there is competition for resources by sel sh agents. In this paper, we are concerned with smoothing out congestion in a network of resources by using personalized well-timed in- centives that are subject to budget constraints. To that end, we provide: (i) a mathematical formul...
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| Main Authors: | , , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2013
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/sis_research/1888 https://ink.library.smu.edu.sg/context/sis_research/article/2887/viewcontent/ADT_Camera.pdf |
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| Institution: | Singapore Management University |
| Language: | English |
| Summary: | Congestion occurs when there is competition for resources by sel sh agents. In this paper, we are concerned with smoothing out congestion in a network of resources by using personalized well-timed in- centives that are subject to budget constraints. To that end, we provide: (i) a mathematical formulation that computes equilibrium for the re- source sharing congestion game with incentives and budget constraints; (ii) an integrated approach that scales to larger problems by exploiting the factored network structure and approximating the attained equilib- rium; (iii) an iterative best response algorithm for solving the uncon- strained version (no budget) of the resource sharing congestion game; and (iv) theoretical and empirical results (on an illustrative theme park problem) that demonstrate the usefulness of our approach. |
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