Nowadays, the emerging wireless communication technologies cause rapid growth in radio spectrum usage. However, the radio spectrum is a limited resource and has almost been fully assigned by the current network operators (NOs). Although numerous studies have been accomplished on the spectrum management, there are rare evolutionary techniques dealing with booking spectrum on cognitive radio. Instant Overbooking Framework for Cognitive Radio networks (IOFCR) is used to maximize both spectrum utilization and the revenue of NOs under several over-booking and pricing policies. In such a network, when a primary user (PU) activity is sensed, the control of which requesting secondary users (SUs) can be denied and which Active SUs can be ejected is managed by IOFCR. In this paper, the Particle Swarm Optimization (PSO) algorithm is applied into the IOFCR to find optimal values of the over-hooking price and the Compensation Cost (CC) ratio to optimize revenue and achieve high performance.