1,447 research outputs found
A Deep Reinforcement Learning Framework for Rebalancing Dockless Bike Sharing Systems
Bike sharing provides an environment-friendly way for traveling and is
booming all over the world. Yet, due to the high similarity of user travel
patterns, the bike imbalance problem constantly occurs, especially for dockless
bike sharing systems, causing significant impact on service quality and company
revenue. Thus, it has become a critical task for bike sharing systems to
resolve such imbalance efficiently. In this paper, we propose a novel deep
reinforcement learning framework for incentivizing users to rebalance such
systems. We model the problem as a Markov decision process and take both
spatial and temporal features into consideration. We develop a novel deep
reinforcement learning algorithm called Hierarchical Reinforcement Pricing
(HRP), which builds upon the Deep Deterministic Policy Gradient algorithm.
Different from existing methods that often ignore spatial information and rely
heavily on accurate prediction, HRP captures both spatial and temporal
dependencies using a divide-and-conquer structure with an embedded localized
module. We conduct extensive experiments to evaluate HRP, based on a dataset
from Mobike, a major Chinese dockless bike sharing company. Results show that
HRP performs close to the 24-timeslot look-ahead optimization, and outperforms
state-of-the-art methods in both service level and bike distribution. It also
transfers well when applied to unseen areas
Rational bidding using reinforcement learning: an application in automated resource allocation
The application of autonomous agents by the provisioning and usage of computational resources is an attractive research field. Various methods and technologies in the area of artificial intelligence, statistics and economics are playing together to achieve i) autonomic resource provisioning and usage of computational resources, to invent ii) competitive bidding strategies for widely used market mechanisms and to iii) incentivize consumers and providers to use such market-based systems.
The contributions of the paper are threefold. First, we present a framework for supporting consumers and providers in technical and economic preference elicitation and the generation of bids. Secondly, we introduce a consumer-side reinforcement learning bidding strategy which enables rational behavior by the generation and selection of bids. Thirdly, we evaluate and compare this bidding strategy against a truth-telling bidding strategy for two kinds of market mechanisms – one centralized and one decentralized
Introduction to the special issue on neural networks in financial engineering
There are several phases that an emerging field goes through before it reaches maturity, and computational finance is no exception. There is usually a trigger for the birth of the field. In our case, new techniques such as neural networks, significant progress in computing technology, and the need for results that rely on more realistic assumptions inspired new researchers to revisit the traditional problems of finance, problems that have often been tackled by introducing simplifying assumptions in the past. The result has been a wealth of new approaches to these time-honored problems, with significant improvements in many cases
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