An Automata-based Profit Optimization of Cloud Brokers in IaaS Environment

Author(s):  
Jakub Gasior ◽  
Franciszek Seredynski
Keyword(s):  
Author(s):  
Rui Miao ◽  
Qi Li ◽  
Wenjie Huang ◽  
Peng Guo ◽  
Leiyu Mi ◽  
...  

Author(s):  
George Geronikolaou

Bettors may view different gambles either as substitutes or complements. Assuming that the grand prize is the main driver of the demand for multi-prize lottery bets, this paper presents a theory of lottery sales maximization considering possible complementarity or substitutability among different lottery gambles offered by a single operator. Optimal payout ratios are derived accounting not only for interrelation among games but also for their relative popularity. The new profit optimization rule is then applied to a dataset of two Greek lotteries.


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