A futures market-based model for dynamic network resource allocation

Masayuki Ishinishi; Yuhsuke Koyama; Hiroshi Deguchi; Hajime Kita

doi:10.1007/BF03037649

A futures market-based model for dynamic network resource allocation

Masayuki Ishinishi, Yuhsuke Koyama, Hiroshi Deguchi, Hajime Kita

Research output: Contribution to specialist publication › Article

3 Citations (Scopus)

Abstract

Management of telecommunication network requires quick, continuous and decentralized allocation of network bandwidth to various sorts of demands. So as to achieve the efficient network resource allocation, this paper describes a market-based model combining futures market with the agent-based approach. That is, utilization time is divided into many time-slots, and futures markets in hereafter use of bandwidth are opened. In our model, all market participants (software agents) observe only market prices and decide to buy or sell bandwidth trying to maximize their utilities over time so that they can secure enough network resources. The authors discuss network resource allocation through simulation using the proposed model.

Original language	English
Pages	43-56
Number of pages	14
Volume	23
No.	1
Specialist publication	New Generation Computing
DOIs	https://doi.org/10.1007/BF03037649
Publication status	Published - 2005
Externally published	Yes

Keywords

Futures Market
Market-based Model
Multi-agent System
Network Resource Allocation

ASJC Scopus subject areas

Software
Theoretical Computer Science
Hardware and Architecture
Computer Networks and Communications

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10.1007/BF03037649

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title = "A futures market-based model for dynamic network resource allocation",

abstract = "Management of telecommunication network requires quick, continuous and decentralized allocation of network bandwidth to various sorts of demands. So as to achieve the efficient network resource allocation, this paper describes a market-based model combining futures market with the agent-based approach. That is, utilization time is divided into many time-slots, and futures markets in hereafter use of bandwidth are opened. In our model, all market participants (software agents) observe only market prices and decide to buy or sell bandwidth trying to maximize their utilities over time so that they can secure enough network resources. The authors discuss network resource allocation through simulation using the proposed model.",

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author = "Masayuki Ishinishi and Yuhsuke Koyama and Hiroshi Deguchi and Hajime Kita",

note = "Funding Information: The authors wish to thank Prof. Shigenobu Kobayashi of Tokyo Institute of Technology for his valuable comments on this study. This work is supported by Grants-in-Aid for Scientific Research of JSPS (No. 16710109).",

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AU - Koyama, Yuhsuke

AU - Deguchi, Hiroshi

AU - Kita, Hajime

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AB - Management of telecommunication network requires quick, continuous and decentralized allocation of network bandwidth to various sorts of demands. So as to achieve the efficient network resource allocation, this paper describes a market-based model combining futures market with the agent-based approach. That is, utilization time is divided into many time-slots, and futures markets in hereafter use of bandwidth are opened. In our model, all market participants (software agents) observe only market prices and decide to buy or sell bandwidth trying to maximize their utilities over time so that they can secure enough network resources. The authors discuss network resource allocation through simulation using the proposed model.

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