Dynamic pricing of call rates: Bayesian approach |
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Authors: | Chetan Dugar Anuj Jain Amit Rajawat Swapan Bhattacharya |
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Affiliation: | 1. Department of Computer Science & Engineering, National Institute of Technology, Karnataka, India;2. Department of Computer Science & Engineering, Jadavpur University, Kolkata, India |
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Abstract: | In this paper, we present different cases and their possible solutions in the telecommunications market by incorporating dynamically changing call rates over the channel depending upon the network congestion. Since dynamic pricing of call rates is beneficial from both the perspectives of subscribers and service providers, our solution can significantly help to adapt this pricing mechanism in real market scenario. In order to deploy this scheme, we have incorporated the competing network provider's strategy into the mechanism of deciding dynamic price. Establishment of Nash equilibrium with the competing network provider has stabilized our pricing mechanism. |
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Keywords: | Performance evaluation Combinatorial problem Game theory Network congestion Pricing scheme |
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