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• W3166393923 abstract "In online display advertising, advertisers usually participate in real-time bidding to acquire ad impression opportunities. In most advertising platforms, a typical impression acquiring demand of advertisers is to maximize the sum value of winning impressions under budget and some key performance indicators constraints, (e.g. maximizing clicks with the constraints of budget and cost per click upper bound). The demand can be various in value type (e.g. ad exposure/click), constraint type (e.g. cost per unit value) and constraint number. Existing works usually focus on a specific demand or hardly achieve the optimum. In this paper, we formulate the demand as a constrained bidding problem, and deduce a unified optimal bidding function on behalf of an advertiser. The optimal bidding function facilitates an advertiser calculating bids for all impressions with only m parameters, where m is the constraint number. However, in real application, it is non-trivial to determine the parameters due to the non-stationary auction environment. We further propose a reinforcement learning (RL) method to dynamically adjust parameters to achieve the optimum, whose converging efficiency is significantly boosted by the recursive optimization property in our formulation. We name the formulation and the RL method, together, as Unified Solution to Constrained Bidding (USCB). USCB is verified to be effective on industrial datasets and is deployed in Alibaba display advertising platform." @default.
• W3166393923 created "2021-06-22" @default.
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• W3166393923 date "2021-08-14" @default.
• W3166393923 modified "2023-10-12" @default.
• W3166393923 title "A Unified Solution to Constrained Bidding in Online Display Advertising" @default.
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• W3166393923 doi "https://doi.org/10.1145/3447548.3467199" @default.
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