Resource Allocation: Realizing Mean-Variability-Fairness Tradeoffs

Network utility maximization (NUM) is a key conceptual framework to study reward allocation amongst a collection of users/entities in disciplines as diverse as economics, law and engineering. However when the available resources and/or users' utilities vary over time, reward allocations will tend to vary, which in turn may have a detrimental impact on the users' overall satisfaction or quality of experience.