Web service derivatives

Web service development and usage has shifted from simple information processing services to high-value business services that are crucial to productivity and success. In order to deal with an increasing risk of unavailability or failure of mission-critical Web services we argue the need for advanced reservation of services in the form of derivatives. The contribution of this paper is twofold: First we provide act model of a market design that enables the trade of derivatives for mission-critical Web services. Our model satisfies requirements that result from service characteristics such as intangibility and the impossibility to inventor services in order to meet fluctuating demand. It comprehends principles from models of incomplete markets such as the absence of a tradeable underlying and consistent arbitragefree derivative pricing. Furthermore we provide an architecture for a Web service market that implements our model and describes the strategy space and interaction of market par...

• Type: Conference
• Year: 2009
• Where: WWW
• Authors: Thomas Meinl, Benjamin Blau
• Keywords: Internet Technology, Mission-critical Web Services, Model Satisfies Requirements, Web Service Market, WWW 2009