Bargaining Solutions for Resource Allocation Problems

Bargaining Solutions for Resource Allocation Problems

Copyright: © 2014 |Pages: 34
DOI: 10.4018/978-1-4666-6050-2.ch011
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Abstract

The first unified and systematic treatment of the modern theory of bargaining is presented together with many examples of how that theory is applied in a variety of bargaining situations. This chapter provides a masterful synthesis of the fundamental results and insights obtained from the wide-ranging and diverse bargaining theory literature. Furthermore, it develops new analyses and results, especially on the relative impacts of two or more forces on the bargaining outcome. Many topics—such as inside options, commitment tactics, and repeated bargaining situations—receive their most extensive treatment to date.
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Nash Bargaining Based Bandwidth Management (Nbbm) Scheme

Bandwidth is an extremely valuable and scarce resource in wireless networks. Therefore, efficient bandwidth management plays an important role in determining network performance. For multimedia cellular networks, S. Kim proposed a new Nash Bargaining based Bandwidth Management (NBBM) scheme, which consists of adaptive bandwidth reservation and borrowing algorithms (Kim, 2011). Based on the well-known game theoretic concept of bargaining, wireless bandwidth is controlled as efficiently as possible while ensuring QoS guarantees for higher priority traffic services. Under dynamic network condition changes, control decisions in the developed algorithms are made adaptively to strike a well-balanced network performance.

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