3,126 research outputs found
Privacy Management and Optimal Pricing in People-Centric Sensing
With the emerging sensing technologies such as mobile crowdsensing and
Internet of Things (IoT), people-centric data can be efficiently collected and
used for analytics and optimization purposes. This data is typically required
to develop and render people-centric services. In this paper, we address the
privacy implication, optimal pricing, and bundling of people-centric services.
We first define the inverse correlation between the service quality and privacy
level from data analytics perspectives. We then present the profit maximization
models of selling standalone, complementary, and substitute services.
Specifically, the closed-form solutions of the optimal privacy level and
subscription fee are derived to maximize the gross profit of service providers.
For interrelated people-centric services, we show that cooperation by service
bundling of complementary services is profitable compared to the separate sales
but detrimental for substitutes. We also show that the market value of a
service bundle is correlated with the degree of contingency between the
interrelated services. Finally, we incorporate the profit sharing models from
game theory for dividing the bundling profit among the cooperative service
providers.Comment: 16 page
Cloud/fog computing resource management and pricing for blockchain networks
The mining process in blockchain requires solving a proof-of-work puzzle,
which is resource expensive to implement in mobile devices due to the high
computing power and energy needed. In this paper, we, for the first time,
consider edge computing as an enabler for mobile blockchain. In particular, we
study edge computing resource management and pricing to support mobile
blockchain applications in which the mining process of miners can be offloaded
to an edge computing service provider. We formulate a two-stage Stackelberg
game to jointly maximize the profit of the edge computing service provider and
the individual utilities of the miners. In the first stage, the service
provider sets the price of edge computing nodes. In the second stage, the
miners decide on the service demand to purchase based on the observed prices.
We apply the backward induction to analyze the sub-game perfect equilibrium in
each stage for both uniform and discriminatory pricing schemes. For the uniform
pricing where the same price is applied to all miners, the existence and
uniqueness of Stackelberg equilibrium are validated by identifying the best
response strategies of the miners. For the discriminatory pricing where the
different prices are applied to different miners, the Stackelberg equilibrium
is proved to exist and be unique by capitalizing on the Variational Inequality
theory. Further, the real experimental results are employed to justify our
proposed model.Comment: 16 pages, double-column version, accepted by IEEE Internet of Things
Journa
Profit Maximization Auction and Data Management in Big Data Markets
A big data service is any data-originated resource that is offered over the
Internet. The performance of a big data service depends on the data bought from
the data collectors. However, the problem of optimal pricing and data
allocation in big data services is not well-studied. In this paper, we propose
an auction-based big data market model. We first define the data cost and
utility based on the impact of data size on the performance of big data
analytics, e.g., machine learning algorithms. The big data services are
considered as digital goods and uniquely characterized with "unlimited supply"
compared to conventional goods which are limited. We therefore propose a
Bayesian profit maximization auction which is truthful, rational, and
computationally efficient. The optimal service price and data size are obtained
by solving the profit maximization auction. Finally, experimental results on a
real-world taxi trip dataset show that our big data market model and auction
mechanism effectively solve the profit maximization problem of the service
provider.Comment: 6 pages, 9 figures. This paper was accepted by IEEE WCNC conference
in Dec. 201
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