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Offline and online algorithms for single-minded selling problem.

Authors :
Zhang, Yong
Chin, Francis Y.L.
Poon, Sheung-Hung
Ting, Hing-Fung
Xu, Dachuan
Yu, Dongxiao
Source :
Theoretical Computer Science. Jun2020, Vol. 821, p15-22. 8p.
Publication Year :
2020

Abstract

Given a seller with k types of items and n single-minded buyers, i.e., each buyer is only interested in a particular bundle of items, to maximize the revenue, the seller must assign some amount of bundles to each buyer with respect to the buyer's accepted price. Each buyer b i is associated with a value function v i (⋅) such that v i (x) is the accepted unit bundle price b i is willing to pay for x bundles. In this paper, we assume that bundles can be sold fractionally. The single-minded item selling problem is proved to be NP-hard. Moreover, we give an O (k) -approximation algorithm. For the online version, i.e., buyers come one by one and the decision must be made immediately on the arrival of each buyer, an O (k ⋅ (log ⁡ h + log ⁡ k)) -competitive algorithm is given, where h is the highest unit item price among all buyers. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
03043975
Volume :
821
Database :
Academic Search Index
Journal :
Theoretical Computer Science
Publication Type :
Academic Journal
Accession number :
142831789
Full Text :
https://doi.org/10.1016/j.tcs.2020.03.017