Abstract
Bipartite-matching markets pair agents on one side of a market with agents, items, or contracts on the opposing side. Prior work addresses online bipartite-matching markets, where agents arrive over time and are dynamically matched to a known set of disposable resources. In this article, we propose a new model, Online Matching with (offline) Reusable Resources under Known Adversarial Distributions (OM-RR-KAD), in which resources on the offline side are reusable instead of disposable; that is, once matched, resources become available again at some point in the future. We show that our model is tractable by presenting an LP-based non-adaptive algorithm that achieves an online competitive ratio of ½- μ for any given constant μ > 0. We also show that no adaptive algorithm can achieve a ratio of ½ + o(1) based on the same benchmark LP. Through a data-driven analysis on a massive openly available dataset, we show our model is robust enough to capture the application of taxi dispatching services and ride-sharing systems. We also present heuristics that perform well in practice.
Original language | English (US) |
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Article number | 13 |
Journal | ACM Transactions on Economics and Computation |
Volume | 9 |
Issue number | 3 |
DOIs | |
State | Published - Sep 2021 |
All Science Journal Classification (ASJC) codes
- Computer Science (miscellaneous)
- Statistics and Probability
- Economics and Econometrics
- Marketing
- Computational Mathematics
Keywords
- Online-matching
- matching markets
- randomized algorithms
- rideshare