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We believe that a market-based resource allocation will be effective in a cloud computing environment where resources are virtualized and delivered to users as services. We propose such a market mechanism to allocate services to participants efficiently. The mechanism enables users (1) to order a combination of services for workflows and co-allocations and (2) to reserve future/current services in...
The applications of shopbots have changed the competitive dynamics in electronic markets, and affect the strategic choices of participants. In this paper, how strategic behaviors are implemented for consumers, retailers and electronic markets providers in shopbots markets is probed into. Analyses show, that even with the help of shopbots, consumer won't view price as the only decision factor fully,...
In view of the free content distribution in multicast on Internet, a mechanism for constructing the minimum cost multicast routing tree is proposed based on the theory of economic mechanism design. The minimum cost multicast tree can minimize the total transmission cost of the tree, minimize the links connecting the specified multicast group members and save the data transmitting cost and network...
With the emergence and development of Internet technology, e-business enterprises sprang up like bamboo shoots after a spring rain. E-business enterprise valuation has become the focus of attention because of the flexibility of e-business enterprises' business and profit model. In the systematic analysis of characteristics of e-business enterprises, Black-Scholes option pricing model are introduced...
Grid computing shares geographically distributed computer resources, which are owned by different owners, over the Internet. Sharing the resources dynamically in this environment becomes challenging. Multi-agents could be used to meet this challenge due to their distributed nature and autonomous behavior. This paper investigates suitable economic models for grid computing and finds different economic...
E-service pricing has become an important issue for the era of service economy. In this study, we propose a novel pricing approach for e-services which considers perceived e-service premium. Profit (from provider perspective) and perceived value (from customer perspective) are two major components in the model. Our method is an extended cost-plus pricing approach that includes variable cost, fixed...
This paper provides an empirical research about bidding behaviour and final price evolution in competing auctions. The results obtained have been supported with online auctions data from eBay. About bidding behaviour, we found that bidders use cross-bidding (bidding between competing auctions) and sniping (last minute bidding on an item) strategies to maximise their profits. Moreover, no price decline...
With the development of Internet, more and more firms adopt dynamic pricing as a valid method to maximize their profit, especially, when the demand is uncertainty. But on the other hand, the consumers become cleverer than before. Customers behave strategically and weigh their payoff of immediate purchase against the expected payoff of delaying their purchases. In this paper, we use a dynamic pricing...
This paper analyzes the hybrid supply chains of internet supply chain and traditional supply chain with one supplier selling directly to consumers by internet supply chain, and a retailer selling to consumers by traditional store as the supplier's agent. The coordination mechanism which is Perfect Coordination Mechanism and two noncoordination mechanisms which are Stackelberg Mechanism and W=C Mechanism...
Paris Metro Pricing (PMP) is a simple multi-class flat-rate pricing scheme already practiced by transport systems, specifically by the Paris Metro at one time. The name is coined after Andrew Odlyzko proposed it for the Internet as a simple way to provide differentiated services. Subsequently, there were several analytical studies of this promising idea. The central issue of these studies is whether...
Competition for users on a global market is fierce, forcing enterprises to provide for better, faster services while offering the same more cheaply. At the same time, users choose to remain oblivious of the infrastructure behind the service - only demanding that it works. This work presents a policy-based revenue management system for computing clouds. Due to the novelty of the market Cloud providers...
Using simulation and empirical analysis, we examine asymmetry in pricing patterns within high-tech markets, where market leaders lead in both price increases and decreases. We examine 475,866 prices and 51,260 price changes for 810 high-tech products from 26 vendors over 283 days. We show that price premiums exist for the market leaders, but these leaders also engage in aggressive price decreases...
The large amount of peer-to-peer (P2P) traffic in today's Internet represents a great challenge for most Internet Service providers (ISPs). P2P traffic does not conform to traditional ISP traffic policies, and it makes it harder to perform traffic engineering in the network. It is especially the peer-selection mechanism of the P2P application that influences the traffic patterns and creates an imbalance...
Online auctions with a buyout price, as an innovation mode of Internet auction, are applied widely because of breaking the limitation of fixed time ending. In this paper, we introduce a dynamic temporary buyout model featuring risk-neutral bidders with uniform valuations and Poisson arrivals. Based on recent theoretical research results, we will show the seller's optimal strategy on setting buyout...
The advent of the E-retailer pricks up the competition between retailers. We consider the pricing problem when the traditional retailer faces the potential entry menace from the E-retailer. We suppose the online traditional retailer prices the same to the two channels of itself which are the retailing channel and online channel. The traditional retailer combines two channels to compete with the E-retailer...
The electronic commerce (EC) has fundamentally changed the environment of business, has gained attention as a major theme for enterprises to keep their competitiveness. Research on price competition and strategic behaviors in electronic commerce has advantaged improvement competitiveness of EC firms. This paper applies the game theory to study the pricing strategy of commodities in e-commerce. Firstly,...
This paper proposes an attractive and efficient pricing mechanism in order to provide incentives for private wireless nodes to collaborate each others with the aim of offering an Internet public access service. Thanks to the proposed strategy, a natural extension of the wireless coverage area can be realized by the users which decide to share their resources in order to reduce their connection fee...
Customer loyalty as part of user behaviour has significant impact on the Internet service providers' (ISPs) price setting strategies as shown recently in [1]-[5]. However, these papers focused mainly on short-term interactions of the ISPs, which - we believe - is not usually the case in practice as ISPs have to be aware of the long-term effects of their pricing decisions. Future-aware decision making...
Based on the analysis of the current hybrid recommender systems, this paper proposes a new recommender system framework to overcome the disadvantage of these hybridization technologies. In the new system, various Web personalized recommending methods are integrated into a market model. It is capable of producing recommendations for the unregistered users. And a finely reasonable auction process is...
This paper considered a dual channel supply chain in which a manufacturer sells to a retailer as well as to consumers directly. All consumers in the market are divided into two types: time sensitive consumers (T-consumer) and price sensitive consumers (P-consumer), according to their consume preference, and each can select either the retail channel or the direct channel based on the price and the...
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