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Offline and online algorithms for single-minded selling problem.
- 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]
- Subjects :
- *ONLINE algorithms
*PURCHASING agents
*DEALERS (Retail trade)
Subjects
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