Monitoring output as feedback to the business plane: a first-price auctions with reimbursement pricing scheme

摘要: Network monitoring has been typically used for technical aspects, though its potential could be exploited up to the business plane. Indeed, we explore benefits of using information apply a reimbursement mechanism when Assured-Quality services are sold via first-price auctions and failures detected. Intuitively, presence changes bidder's offers. At same time, from seller's point view, may imply giving money back. Thus, both sides market buyer's must studied in order determine impact that have on revenue. We theoretically proven simple scenario equal 100% renders more revenue seller than no reimbursement, level failures. In address complex scenario, where closed forms available developed simulator. Our simulator computes bidding strategies every bidder different probabilities failure percentage through high-performance code. This output is assesing Expected Seller's Revenue (ESR). ESR can computed well-known Monte Carlo method by performing high number independent experiments, which at each step need compute strategy.