Abstract
Pricing plays a major role in the efficient management of network resources as it can be used to manage congestion, enforce Quality of Service (QoS) guarantees and optimize revenue generation. Static, dynamic, and congestion-based pricing strategies have been proposed, but they have limitations when services with QoS guarantees are provided in LTE and 5G networks. We propose a pricing plan that is based on traditional commodity pricing where the user pays based on the quantity consumed. Additionally, the quality of the resources provided is also taken into consideration. The proposed pricing is flexible, as it handles QoS and pricing at the bit level, and allows users to dynamically demand additional quantity (bytes of data) as well as additional quality (higher QoS). Since the users pay based on the quality they actually achieve as opposed to the quality they requested, they are fairly charged in congestion situations.
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