Encyclopedia of Wireless Networks

Living Edition
| Editors: Xuemin (Sherman) Shen, Xiaodong Lin, Kuan Zhang

Dynamic Pricing

  • Dusit NiyatoEmail author
Living reference work entry
DOI: https://doi.org/10.1007/978-3-319-32903-1_35-1

Definitions

Dynamic pricing is a mechanism in which the price is determined dynamically and iteratively through dynamic algorithms. The algorithms can yield optimal or equilibrium pricing solutions that maximize the profit of a single monopolistic seller or multiple oligopolistic sellers, respectively.

Economic Modeling and Pricing

Economic and pricing approaches have been applied to address many issues in wireless/radio resource management. In the following, major economic and pricing models used in the wireless literature are presented Luong et al. (2017).

Cost-based pricing: Cost-based pricing is a common pricing strategy to determine the price of wireless resource and service based on calculating the total cost of acquiring the resource and offering the service as well as adding a percentage of the cost as a desired profit. The goal of cost-based pricing is to ensure that the price yields nonnegative profit to the wireless service provider profitable. The total cost generally...

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.School of Computer Science and Engineering (SCSE)Nanyang Technological UniversitySingaporeSingapore

Section editors and affiliations

  • Jianwei Huang
    • 1
  • Yuan Luo
    • 2
  1. 1.Department of Information EngineeringThe Chinese University of Hong Kong, StainHong KongChina
  2. 2.Dept. of ComputingImperial College LondonLondonUK