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Article
Distributing complementary resources across multiple periods with stochastic demand
WI-IAT '08: Proceedings of the 2008 IEEE/WIC/ACM International Conference on Web Intelligence and Intelligent Agent Technology: 9-12 December, 2008, Sydney
  • Shih-Fen CHENG, Singapore Management University
  • John TAJAN, Singapore Management University
  • Hoong Chuin LAU, Singapore Management University
Publication Type
Conference Proceeding Article
Version
publishedVersion
Publication Date
12-2008
Abstract

In this paper, we evaluate whether the robustness of a market mechanism that allocates complementary resources could be improved through the aggregation of time periods in which resources are consumed. In particular, we study a multi-round combinatorial auction that is built on a general equilibrium framework. We adopt the general equilibrium framework and the particular combinatorial auction design from the literature, and we investigate the benefits and the limitation of time-period aggregation when demand-side uncertainties are introduced. By using simulation experiments, we show that under stochastic conditions the performance variation of the process decreases as the time frame length (time frames are obtained by aggregating time periods) increases. This is achieved without causing deterioration in the mean performance.

Keywords
  • market-based approach,
  • uncertainty,
  • robust resource allocation
ISBN
9780769534961
Identifier
10.1109/WIIAT.2008.293
Publisher
IEEE
City or Country
Piscataway, NJ
Creative Commons License
Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International
Additional URL
http://doi.org/10.1109/WIIAT.2008.293
Citation Information
Shih-Fen CHENG, John TAJAN and Hoong Chuin LAU. "Distributing complementary resources across multiple periods with stochastic demand" WI-IAT '08: Proceedings of the 2008 IEEE/WIC/ACM International Conference on Web Intelligence and Intelligent Agent Technology: 9-12 December, 2008, Sydney (2008) p. 373 - 379
Available at: http://works.bepress.com/sfcheng/26/