IEEE Networking Letters · 2020 · 24 citations · 10 references
ManagementDecision SciencesEconomicsMarkov Decision ProcessesOptimizationPricing StrategyDynamic PricingNetwork Revenue ManagementPrice OptimizationPricing DecisionsRevenue OptimizationService PricingDemand-responsive PricingDiscrete-time Markov ProcessesDynamic Revenue MaximizationFinite Markov ChainsJoint OptimizationMarkov Decision ModelsMobile Revenue ManagementOptimal Control Of Prices
The joint optimization problem of a 5G-inspired IIoT-MEC interactive network aims to maximize revenue of MNOs and minimize IIoT operators' economic cost is formulated, which is challenging to be solved. This letter proposes a dynamic pricing strategy for IIoT-MEC network to maximize MNOs' revenue while providing acceptable service prices for IIoT mobile devices (MDs). The dynamic pricing problem is first modeled as a discrete finite Markov decision process (MDP). Then Q-learning algorithm is utilized to solve this problem. The results show that the proposed dynamic pricing strategy can significantly enhance MNOs' revenue and decrease IIoT operators' economic cost.
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A Survey on Mobile Edge Computing: The Communication Perspective
Yuyi Mao, Changsheng You, Jun Zhang et al. · IEEE Communications Surveys & Tutorials · 2017 · 5.4K citations