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Dynamic Pricing

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  • First Online:
Encyclopedia of Wireless Networks

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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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References

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Author information

Authors and Affiliations

  1. School of Computer Science and Engineering (SCSE), Nanyang Technological University, Singapore, Singapore

    Dusit Niyato

Authors
  1. Dusit Niyato
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Correspondence to Dusit Niyato .

Editor information

Editors and Affiliations

  1. Department of Electrical and Computer Engineering, University of Waterloo , Waterloo, ON, Canada

    Xuemin (Sherman) Shen

  2. Faculty of Business and Information Technology, University of Ontario Institute of Technology, Oshawa, ON, Canada

    Xiaodong Lin

  3. Dpt.of Electrical & Computer Engineering, University of Nebraska–Lincoln, Omaha, NE, USA

    Kuan Zhang

Section Editor information

  1. Department of Information Engineering, The Chinese University of Hong Kong, Stain, Hong Kong, China

    Jianwei Huang

  2. Dept. of Computing, Imperial College London, London, UK

    Yuan Luo

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Cite this entry

Niyato, D. (2019). Dynamic Pricing. In: Shen, X., Lin, X., Zhang, K. (eds) Encyclopedia of Wireless Networks. Springer, Cham. https://doi.org/10.1007/978-3-319-32903-1_35-1

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  • DOI: https://doi.org/10.1007/978-3-319-32903-1_35-1

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-32903-1

  • Online ISBN: 978-3-319-32903-1

  • eBook Packages: Springer Reference Computer SciencesReference Module Computer Science and Engineering

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