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A futures market-based model for dynamic network resource allocation

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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 timeslots, 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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Correspondence to Masayuki Ishinishi.

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Masayuki Ishinishi, Ph.D.: He graduated from National Defense Academy in 1995 and 2000. He received the B.E. (1995) and M.E.(2000) degrees in computer science from National Institution for Academic Degrees (NIAD). He received his Ph.D. degree from Tokyo Institute of Technology in 2003. He has been a communications officer at Air Communications and Systems Wing in Japan Air Self-Defence Force (JASDF) since 2003. His research interests include information assurance, agent-based modeling and simulation, multi-agent system and market-based control. He is a member of IEEJ, IPSJ and JSAI.

Yuhsuke Koyama, Ph.D.: He received the B.Econ., M.Econ., and Ph.D. degrees in economics from Kyoto University, in 1996, 1998, 2002, respectively. He has been a research associate of Tokyo Institute of Technology since 2002. His research field is evolutionary economics, mathematical sociology and experimental economics. He is a member of JAFEE, JAMS, JASESS and JASAG.

Hiroshi Deguchi, Ph.D.: He received his Ph.D. degree in systems science from Tokyo Institute of Technology, in 1986. He also received the Dr. Econ. degree from Kyoto University in 2001. He has been a Professor of Tokyo Institute of Technology since 2002. His research field is evolutionary economics, computational organization theory, agent-based modeling, social system theory, gaming simulation, and philosophy of science. He is a member of SICE, JAMS, IPSJ, PHSC, JASAG and JAFEE.

Hajime Kita, Ph.D.: He received the B.E., M.E., and Ph.D. degrees in electrical engineering from Kyoto University, in 1982, 1984, 1991, respectively. He has been a Professor of Kyoto University since 2003, His research field is systems science/engineering, and his research interests are evolutionary computation, neural networks and socio-economic analysis of energy systems, and agentbased modeling. He is a member of IEEJ, IEICE, ISCIE, JNNS, JSER, ORSJ and SICE.

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Ishinishi, M., Koyama, Y., Deguchi, H. et al. A futures market-based model for dynamic network resource allocation. New Gener Comput 23, 43–56 (2005). https://doi.org/10.1007/BF03037649

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  • DOI: https://doi.org/10.1007/BF03037649

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