We propose a new scheme of `automatic pricing' for digital contents, and describe an implemented system as well as concrete pricing algorithms for it. Automatic pricing refers to a methodology of automatically setting sales prices to optimal prices, based on past prices and sales. In particular, we consider the case in which automatic pricing is done in order to maximize the profit of an on-line marketing site. We describe a demo site for on-line marketing with automatic pricing, which we call `digiprice.' We will also describe the concrete pricing algorithms we employ in digiprice, and report on preliminary performance evaluation experiments we conducted using simulated data. The results of experimentation verify that our methods are practical in terms of both the speed of convergence to the optimal price and computational efficiency.
Did you find this white paper useful?
23 out of 50 users found this white paper useful
Related white papers
Distributed Education in the 21st Century: Implications for Quality Assurance
It is quite clear that education in the 21st century presents challenges to quality assurance that were unimaginable just a quarter century ago. E-learning in particular, with its ability to...
Motivation and Incentives for Distance Faculty
At the millennium, the Association of Governing Boards of Universities and Colleges estimated that one-third of all colleges and universities would be closing within ten years. Peter Drucker, a management...
Learning From Reflections - Issues in Building Quality Online Courses
Authorship, implementation, and consumer perspectives should be considered when judging the quality of an online course. This study supports that position with reflections of an adjunct professor, who implemented a...
Teaching Online - A Time Comparison
The success of distance courses has prompted universities nationwide to increase the number of courses offered online. As the number of these courses has increased, the challenges involved in developing...
Contributions of CTSOs: Policy Makers and CTSO Student Views
This webcast highlights the experiences of the national student leaders with their organizations and shows how students' organizations contribute to improving high schools, the preparation of a world-class workforce through...
Barriers to Implementing Large-Scale Online Staff Development Programs for Teachers
This study on barriers to online staff development for classroom teachers presented in this paper was conducted as part of the planning activities of a delivery models project designed to...
Ethics and Distance Education: Strategies for Minimizing Academic Dishonesty in Online Assessment
This paper discusses ethics and student assessment, as applicable to the growing field of distance education. In particular, this paper discusses strategies for minimizing academic dishonesty in online student assessment....
