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dc.contributor.authorRadonjić Ɖogatović, Vesnaen
dc.contributor.authorƉogatović, Markoen
dc.contributor.authorStanojević, Miloraden
dc.contributor.authorMladenović, Nenaden
dc.date.accessioned2020-05-02T16:41:51Z-
dc.date.available2020-05-02T16:41:51Z-
dc.date.issued2020-01-01en
dc.identifier.issn0925-5001en
dc.identifier.urihttp://researchrepository.mi.sanu.ac.rs/handle/123456789/2368-
dc.description.abstractInternet of things (IoT) covers various aspects of collecting and exchanging data between diverse entities. From IoT provider’s perspective, one of the most significant issues is how to set the price that maximizes its revenue while meeting users’ requirements. In this paper, we focus on revenue maximization of the IoT service provider by applying pay per use pricing within the combinatorial sealed-bid auction. Pay per use pricing option implies that each user is charged per unit of consumption according to the actual usage. We assume that a user pays a threshold price for a unit of consumption, which is determined based on the auction. The auction is conducted with bidding prices set up in advance within service level agreement (SLA). We use variable neighbourhood search (VNS) in order to derive the optimal threshold price that maximizes IoT provider’s revenue, and users’ satisfaction. In addition, the optimization within the auction mechanism is conducted using different metaheuristics, which are compared with two types of VNS algorithms.en
dc.publisherSpringer Link-
dc.relation.ispartofJournal of Global Optimizationen
dc.subjectAuction | Internet of things | Metaheuristics | Revenue | Variable neighbourhood searchen
dc.titleRevenue maximization of Internet of things provider using variable neighbourhood searchen
dc.typeArticleen
dc.identifier.doi10.1007/s10898-020-00894-zen
dc.identifier.scopus2-s2.0-85081543421en
dc.description.rankM21-
item.openairetypeArticle-
item.cerifentitytypePublications-
item.fulltextNo Fulltext-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.grantfulltextnone-
crisitem.author.orcid0000-0001-6655-0409-
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