[Ececourtesy-list] Guest Speaker: Prof. Parimal Parag (Indian Institute of Science at Bangalore), Tuesday, February 25th at 3:00PM, GRIS 103

[Hodges, Kendra Renee]

Parimal Parag from IISc Bangalore will talk about "The Power of Two in Large Service-Marketplaces". The details of the seminar are in the attached.

Title: The Power of Two in Large Service-Marketplaces
Abstract: We consider a large-scale service marketplace with numerous servers that scale with the job arrival rate. Jobs arrive with private valuations representing their willingness to pay. In a centralized system, jobs are matched to available servers, and prices are set in a centralized manner to maximize revenue. We investigate whether similar scalability can be achieved in a distributed marketplace where jobs are randomly matched to servers, which set their own prices based on job valuations and system occupancy. We then examine matching jobs to two servers, which compete to provide service if unoccupied. We demonstrate the existence and convergence to a mean field equilibrium (MFE) in this setup, where servers strategically respond to competitors' prices.



Tuesday - February 25, 2025 | 3:00pm |GRIS - Room 103


[cid:image001.png at 01DB82C4.DED6C6A0]

Kendra Hodges | Associate Operations Administrator
Elmore Family School of Electrical and Computer Engineering
Purdue University
Materials and Electrical Engineering Building
501 Northwestern Avenue, Suite 150K
West Lafayette, Indiana 47907
Phone: 765-494-3481
Email: khodges at purdue.edu
[Purdue University, 150 years of Purdue Engineering]

-------------- next part --------------
An HTML attachment was scrubbed...
URL: </ECN/mailman/archives/ececourtesy-list/attachments/20250219/ee6b5e18/attachment-0001.htm>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.png
Type: image/png
Size: 131246 bytes
Desc: image001.png
URL: </ECN/mailman/archives/ececourtesy-list/attachments/20250219/ee6b5e18/attachment-0001.png>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 18991 bytes
Desc: image002.jpg
URL: </ECN/mailman/archives/ececourtesy-list/attachments/20250219/ee6b5e18/attachment-0001.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: Parimal Parag Seminar.pdf
Type: application/pdf
Size: 284677 bytes
Desc: Parimal Parag Seminar.pdf
URL: </ECN/mailman/archives/ececourtesy-list/attachments/20250219/ee6b5e18/attachment-0001.pdf>