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International Conference on Cloud Computing and Services Science

CLOSER 2014: Cloud Computing and Services Sciences pp 31–46Cite as

Dynamic Pricing in Cloud Markets: Evaluation of Procurement Auctions

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Part of the book series: Communications in Computer and Information Science ((CCIS,volume 512))

Abstract

One of the fundamental principles which cloud computing paradigm builds upon is that resources in the cloud may be accessed “on-demand”, i.e., when they are required and for just the time they are required. This intrinsic technologic feature encouraged the cloud commercial providers to adopt the pay-per-use pricing mechanism as it turned to be the most convenient and the easiest to implement. Though pay-per-use ensures significant incomes to providers, still providers experience an underutilization of their computing capacity. It is a matter of fact that unemployed resources represent both a missed income and a cost to providers. In this paper a procurement auction market is proposed as an alternative sell mechanism to maximize the utilization rate of providers’ datacenters. Benefits for the providers are achieved through the use of an adaptive strategy that can be easily tuned to cater for the provider’s own business needs. Also, in the paper the resort to resource overbooking within the provider’s strategy has been analyzed. The proposal’s viability was finally proved through simulation tests conducted on the Cloudsim simulator.

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Notes

  1. 1.

    http://aws.amazon.com/ec2/, http://www.microsoft.com/windowsazure/, http://www.rackspace.com/.

  2. 2.

    http://aws.amazon.com/ec2/spot-instances/.

  3. 3.

    In real situations the time period for which a resource can be requested has no bound; in our simulation we will take into account tasks lasting no longer than 24 h.

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Authors and Affiliations

  1. Department of Electrical, Electronic and Computer Engineering, University of Catania, V.le A. Doria 6, 95125, Catania, Italy

    Paolo Bonacquisto, Giuseppe Di Modica, Giuseppe Petralia & Orazio Tomarchio

Authors
  1. Paolo Bonacquisto
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  2. Giuseppe Di Modica
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  3. Giuseppe Petralia
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  4. Orazio Tomarchio
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Corresponding author

Correspondence to Orazio Tomarchio .

Editor information

Editors and Affiliations

  1. School of Computing, Dublin City University, Dublin 9, Ireland

    Markus Helfert

  2. LIP / Inria Ecole normale supérieure de Lyon, Lyon, France

    Frédéric Desprez

  3. Dell, ROUND ROCK, USA

    Donald Ferguson

  4. University of Stuttgart, Stuttgart, Germany

    Frank Leymann

  5. Universitat Autònoma de Barcelona, Bellaterra, Spain

    Victor Méndez Munoz

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© 2015 Springer International Publishing Switzerland

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Bonacquisto, P., Di Modica, G., Petralia, G., Tomarchio, O. (2015). Dynamic Pricing in Cloud Markets: Evaluation of Procurement Auctions. In: Helfert, M., Desprez, F., Ferguson, D., Leymann, F., Méndez Munoz, V. (eds) Cloud Computing and Services Sciences. CLOSER 2014. Communications in Computer and Information Science, vol 512. Springer, Cham. https://doi.org/10.1007/978-3-319-25414-2_3

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  • DOI: https://doi.org/10.1007/978-3-319-25414-2_3

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-25413-5

  • Online ISBN: 978-3-319-25414-2

  • eBook Packages: Computer ScienceComputer Science (R0)

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