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SUMMARY:Fair charge heuristics for dynamic resource allocation --- a queue
 ing example - David Hodge\, Lancaster University
DTSTART:20081103T140000Z
DTEND:20081103T150000Z
UID:TALK14870@talks.cam.ac.uk
CONTACT:Neil Walton
DESCRIPTION:We develop a notion of a fair charge for the allocation of add
 itional resource to a reward earning object (project) whose stochastic evo
 lution depends upon how much resource it receives. Under a critical condit
 ion\, heuristics based on such fair charges are effective for problems con
 cerning the dynamic allocation of a divisible resource (money\, manpower) 
 among a set of such projects. We illustrate ideas by reference to a queuei
 ng example in which a set of servers is to be dynamically allocated to a c
 ollection of service stations.\n\nKeywords: Gittins' Indices\, Whittle rel
 axation\, restless bandits.
LOCATION:MR15\, CMS\, Wilberforce Road\, Cambridge\, CB3 0WB
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