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...

• Type: Conference
• Year: 2010
• Where: ICA3PP
• Authors: Marian Mihailescu, Yong Meng Teo
• Keywords: Distributed And Parallel Computing, Dynamic Pricing Scheme, Federated Clouds, ICA3PP 2010, Resources