Related Experiment Video
Updated: Nov 2, 2025

13:19
Deep Neural Networks for Image-Based Dietary Assessment
Published on: March 13, 2021
9.5K
A Reinforcement Learning Approach to Price Cloud Resources With Provable Convergence Guarantees
Summary
Cloud providers can boost revenue using dynamic pricing. A new VpQ-learning algorithm optimizes real-time pricing, significantly increasing profits compared to static or basic Q-learning methods.
Area of Science:
- Cloud Computing
- Revenue Management
- Machine Learning
Background:
- Cloud providers seek to maximize revenue.
- Dynamic pricing models show higher profitability than static pricing.
- Real-time price optimization and demand estimation are key challenges.
Purpose of the Study:
- To develop a dynamic pricing scheme for cloud services.
- To optimize pricing decisions by estimating price-dependent demand.
- To maximize revenue for cloud providers through real-time price adjustments.
Main Methods:
- Formulated a Markov decision process for price-dependent demand dynamics.
- Developed a revenue maximization framework to determine optimal pricing.
- Applied Q-learning and introduced VpQ-learning (Q-learning with value projection) for faster convergence.
Main Results:
- The VpQ-learning algorithm converges to the optimal policy under derived conditions.
- VpQ-learning improved revenue by up to 50% over Q-learning and ARTDP.
- Achieved up to 20% higher revenue compared to fixed pricing schemes.
Conclusions:
- Dynamic pricing, optimized by VpQ-learning, significantly enhances cloud provider revenue.
- The VpQ-learning algorithm offers a more efficient approach to real-time revenue maximization.
- This study provides a practical solution for optimizing cloud service pricing.
Related Concept Videos
Avoidance Learning and Learned Helplessness
2.2K
Avoidance learning and learned helplessness are critical concepts in understanding behavioral responses to negative stimuli.
Avoidance learning occurs when an organism learns that a specific behavior can prevent an unpleasant outcome. For example, a student who receives a bad grade may start studying harder to avoid future poor grades. This behavior persists even when the negative outcome is no longer present. Avoidance learning is powerful because it maintains behavior in the absence of the...
Avoidance learning occurs when an organism learns that a specific behavior can prevent an unpleasant outcome. For example, a student who receives a bad grade may start studying harder to avoid future poor grades. This behavior persists even when the negative outcome is no longer present. Avoidance learning is powerful because it maintains behavior in the absence of the...
2.2K
Reinforcement
529
Positive and negative reinforcement are key concepts in operant conditioning, a learning process where the consequences of a behavior affect the likelihood of that behavior being repeated.
Positive reinforcement occurs when a behavior is followed by the presentation of a rewarding stimulus, increasing the frequency of that behavior. For example:
Positive reinforcement occurs when a behavior is followed by the presentation of a rewarding stimulus, increasing the frequency of that behavior. For example:
529
Reinforcement Schedules
292
Positive reinforcement is a powerful method for teaching new behaviors to both animals and humans. B.F. Skinner demonstrated this with his experiments using rats in a Skinner box. When a rat pressed a lever, it received a food pellet. This immediate reward encouraged the rat to repeat the behavior. This method, where a reward follows every instance of the behavior, is known as continuous reinforcement. It is highly effective for establishing new behaviors quickly.
Once a behavior is learned,...
Once a behavior is learned,...
292
Observational Learning
520
Albert Bandura's observational learning, also known as imitation or modeling, occurs when a person observes and imitates another's behavior. It is a quicker process than operant conditioning. A well-known example is the Bobo doll study, where children who saw an adult acting aggressively towards the doll were more likely to act aggressively when left alone, compared to those who observed a nonaggressive adult. Many psychologists view observational learning as a form of latent learning...
520
Introduction to Learning
658
Learning is the process of acquiring knowledge or skills through practice or experience, leading to long-lasting behavioral changes. This acquisition occurs through interaction with the environment and requires practice or experience. For instance, mastering a skill such as surfing requires considerable practice and experience, highlighting the essential role of repeated interactions with the environment in learning.
In contrast to learned behaviors, unlearned behaviors such as crying, sexual...
In contrast to learned behaviors, unlearned behaviors such as crying, sexual...
658
Ampere-Maxwell's Law: Problem-Solving
857
A parallel-plate capacitor with capacitance C, whose plates have area A and separation distance d, is connected to a resistor R and a battery of voltage V. The current starts to flow at t = 0. What is the displacement current between the capacitor plates at time t? From the properties of the capacitor, what is the corresponding real current?
To solve the problem, we can use the equations from the analysis of an RC circuit and Maxwell's version of Ampère's law.
For the first part of the...
To solve the problem, we can use the equations from the analysis of an RC circuit and Maxwell's version of Ampère's law.
For the first part of the...
857
