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A nonasymptotic analysis for re‐solving heuristic in online matching

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  • Hao Wang
  • Zhenzhen Yan
  • Xiaohui Bei

Abstract

We investigate an online edge‐weighted bipartite matching problem with general capacity constraints. In this problem, the resources are offline and nonreplenishable with different capacities. Demands arrive online and each requests a certain amount of resources. The goal is to maximize the reward generated by successful matches. We model the offline optimization problem as a deterministic linear program (LP) and present multiple randomized online algorithms based on the solution to the offline LP. We analyze the performance guarantee of each algorithm in terms of its competitive ratio (CR). Importantly, we introduce a re‐solving heuristic that periodically recomputes the offline LP and uses the updated offline solution to guide the online algorithm decisions. We find that the algorithm's CR can be significantly improved when re‐solving at carefully selected time steps. Finally, we investigate the value of the demand distribution in further improving the algorithm efficiency. We conduct extensive numerical studies to demonstrate the efficiency of the proposed algorithms. The effect of market conditions on the algorithm performance is also investigated.

Suggested Citation

  • Hao Wang & Zhenzhen Yan & Xiaohui Bei, 2022. "A nonasymptotic analysis for re‐solving heuristic in online matching," Production and Operations Management, Production and Operations Management Society, vol. 31(8), pages 3096-3124, August.
    • Handle: RePEc:bla:popmgt:v:31:y:2022:i:8:p:3096-3124
    DOI: 10.1111/poms.13738
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    References listed on IDEAS

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    1. Clifford Stein & Van-Anh Truong & Xinshang Wang, 2020. "Advance Service Reservations with Heterogeneous Customers," Management Science, INFORMS, vol. 66(7), pages 2929-2950, July.
    2. Patrick Jaillet & Xin Lu, 2014. "Online Stochastic Matching: New Algorithms with Better Bounds," Mathematics of Operations Research, INFORMS, vol. 39(3), pages 624-646, August.
    3. Martin I. Reiman & Qiong Wang, 2008. "An Asymptotically Optimal Policy for a Quantity-Based Network Revenue Management Problem," Mathematics of Operations Research, INFORMS, vol. 33(2), pages 257-282, May.
    4. Vahideh H. Manshadi & Shayan Oveis Gharan & Amin Saberi, 2012. "Online Stochastic Matching: Online Actions Based on Offline Statistics," Mathematics of Operations Research, INFORMS, vol. 37(4), pages 559-573, November.
    5. Will Ma & David Simchi-Levi, 2020. "Algorithms for Online Matching, Assortment, and Pricing with Tight Weight-Dependent Competitive Ratios," Operations Research, INFORMS, vol. 68(6), pages 1787-1803, November.
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