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ICA3PP
2010
Springer

Strategy-Proof Dynamic Resource Pricing of Multiple Resource Types on Federated Clouds

9 years 3 months ago
Strategy-Proof Dynamic Resource Pricing of Multiple Resource Types on Federated Clouds
Abstract. There is growing interest in large-scale resource sharing with emerging architectures such as cloud computing, where globally distributed and commoditized resources can be shared and traded. Federated clouds, a topic of recent interest, aims to integrate different types of cloud resources from different providers, to increase scalability and reliability. In federated clouds, users are rational and maximize their own interest when consuming and contributing shared resources, while globally distributed resource supply and demand changes as users join and leave the cloud dynamically over time. In this paper, we propose a dynamic pricing scheme for multiple types of shared resources in federated clouds and evaluate its performance. Fixed pricing, currently used by cloud providers, does not reflect the dynamic resource price due to the changes in supply and demand. Using simulations, we compare the economic and computational efficiencies of our proposed dynamic pricing scheme wi...
Marian Mihailescu, Yong Meng Teo
Added 19 Jul 2010
Updated 19 Jul 2010
Type Conference
Year 2010
Where ICA3PP
Authors Marian Mihailescu, Yong Meng Teo
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