IDEAS home Printed from https://ideas.repec.org/a/taf/tjsmxx/v13y2019i2p96-110.html
   My bibliography  Save this article

A framework for an agent-based dynamic pricing for broadband wireless price rate plans

Author

Listed:
  • Dina Elreedy
  • Amir F. Atiya
  • Hatem Fayed
  • Mohamed Saleh

Abstract

Dynamic pricing is the science of pricing a product in a time-varying way for optimising revenue. There is a slow but steady tendency over the last three decades for major businesses to move from fixed pricing to dynamic pricing. In this paper, we consider the problem of dynamic pricing for wireless broadband data. We propose a novel dynamic pricing approach, based on optimally adjusting premiums and discounts over the prevailing rate, where these adjustments are a function of traffic and demand conditions. Moreover, we propose an agent-based framework for designing and testing this or any other rate plan. In this framework, we have several offered broadband data rate plans, and we model subscribers as agents which react to the dynamic changes of the prices. The proposed framework can be used by wireless operators as a testbed to explore the success of novel dynamic rate plans, and optimise their revenue.

Suggested Citation

  • Dina Elreedy & Amir F. Atiya & Hatem Fayed & Mohamed Saleh, 2019. "A framework for an agent-based dynamic pricing for broadband wireless price rate plans," Journal of Simulation, Taylor & Francis Journals, vol. 13(2), pages 96-110, April.
    • Handle: RePEc:taf:tjsmxx:v:13:y:2019:i:2:p:96-110
    DOI: 10.1080/17477778.2017.1418642
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/17477778.2017.1418642
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/17477778.2017.1418642?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:tjsmxx:v:13:y:2019:i:2:p:96-110. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/tjsm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.