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New algorithm tackles online fair allocation of perishable resources

A new research paper introduces an algorithm for the online fair allocation of perishable resources, addressing a practical variant of the canonical problem. The algorithm aims to construct envy-free and efficient allocation sequences over a fixed number of rounds, considering a budget of perishable resources. It incorporates predictions of resource perishing order and desired envy bounds, demonstrating strong numerical performance and highlighting the inefficacy of perishing-agnostic methods. AI

IMPACT This research contributes to optimization techniques that could be applied in resource management scenarios, potentially impacting AI systems that require efficient allocation of time-sensitive or limited resources.

RANK_REASON The cluster contains a single arXiv preprint detailing a new algorithm and theoretical contributions to an optimization problem. [lever_c_demoted from research: ic=1 ai=0.4]

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New algorithm tackles online fair allocation of perishable resources

COVERAGE [1]

  1. arXiv stat.ML TIER_1 English(EN) · Siddhartha Banerjee, Chamsi Hssaine, Sean R. Sinclair ·

    Online Fair Allocation of Perishable Resources

    arXiv:2406.02402v3 Announce Type: replace-cross Abstract: We consider a practically motivated variant of the canonical online fair allocation problem: a decision-maker has a budget of perishable resources to allocate over a fixed number of rounds. Each round sees a random number …