Web Service and Dynamic Pricing Competition

Provided by: Growing Science
Topic: E-Commerce
Format: PDF
Web services have become quite popular over the last few years as they allow easier development and integration of business applications. In this paper, the authors consider a web service pricing problem where two providers compete through dynamic pricing. Each provider offers access to a web service with different quality classes where users may buy their required web service through a reservation system. They would like to adjust the prices of their web services over a pre-specified time horizon to manage demand and to maximize profit.

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