Resource allocation: Realizing mean-variability-fairness tradeoffs

@article{Joseph2012ResourceAR,
  title={Resource allocation: Realizing mean-variability-fairness tradeoffs},
  author={Vinay Joseph and Gustavo de Veciana and Ari Arapostathis},
  journal={2012 50th Annual Allerton Conference on Communication, Control, and Computing (Allerton)},
  year={2012},
  pages={831-838}
}
Network Utility Maximization (NUM) provides a key conceptual framework to study reward allocation amongst a collection of users/entities in disciplines as diverse as economics, law and engineering. In network engineering, this framework has been particularly insightful towards understanding how Internet protocols allocate bandwidth, and motivated diverse research efforts on distributed mechanisms to maximize network utility while incorporating new relevant constraints, on energy, power, storage… CONTINUE READING