Economic Approach for Network Management

Economic Approach for Network Management

Copyright: © 2014 |Pages: 28
DOI: 10.4018/978-1-4666-6050-2.ch014

Abstract

It is not surprising that researchers in network technology are utilizing ideas from the field of economics since it provides the conceptual understanding of underlying constructs such as usage and resource allocation. Proper resource allocation plays a key role in improving network performance. There are two primary approaches to economic resource allocation: quantity limits and pricing. Economic approaches can provide principles in situations and provide valuable guidelines and analysis. A concerted effort is needed from academia, the computer industry, network service providers, and businesses involved in electronic commerce to design new mechanisms for network operations that will be suitable for a new generation network applications. This chapter explores this economic approach for network management.
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Stackelberg Game Based Price Control (Sgpc) Scheme For Wireless Networks

Recently, game-theoretic approaches for network price problem have attracted much attention. In 2011, S. Kim proposed a new Stackelberg Game based Price Control (SGPC) scheme for wireless networks (Kim, 2011). To provide the most desirable network performance, the SGPC scheme consists of two different control mechanisms; user-based and operator-based mechanisms. By using the hierarchical interaction strategy, control decisions in each mechanism act cooperatively and collaborate with each other to satisfy conflicting performance criteria. In addition, the developed dynamic online approach is practical for real network implementation.

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