DABGPM: A Double Auction Bayesian Game-Based Pricing Model in Cloud Market

Abstract

Abstract.Recently IT giants such as Google, Amazon, Microsoft, and IBM are gearing up to be a part of the Cloud and begin to sell their cloud services. However, the current market trading mechanism is inflexible, and the price is not reasonable enough in some situation. Therefore, we first propose a cloud market framework for people to build a uniform and fully competitive cloud market where users can buy resources from different companies and exchange their idle resources in a more flexible way. Then we define a double auction Bayesian Game-based pricing model (DABGPM) for the suggested cloud market and discuss how to develop an optimal pricing strategy for this model. Our work, we think, makes a good example of more flexible and more reasonable cloud resources trading.

A fair multi-attribute combinatorial double auction model for resource allocation in cloud computing

“…This section lists some recent research works related to Cloud auction. [18] and [19] give a helpful insight about the framework for Cloud auction market. A framework of multi-attribute combinatorial auction market in Cloud computing is proposed in [18] in which it is assumed that the attributes related to the Cloud resources can be quantified to some integer values resulting in final pricing of the resources.…”

Day-ahead Pricing Model for Smart Cloud using Time Dependent Pricing

“…The cloud resource provider's approach to discover prices, according to consumers" response have been considered in various previous works: some researchers proposed pricing techniques on the basis of an auctioning model, in which an auctioneer has the ability to set the pricing strategy which both provider and its consumers accept. Like Shifeng et al study the recent flaws in the cloud market and proposed a Double Auction Bayesian-Game based Pricing Model (DABGPM) [11]. Through this approach, they first developed a cloud market, which is uniform and competitive to several cloud service providers.…”

“…The Shadow pricing is based on the linear distribution of resources, whereas the Scarcity pricing overcomes the problem of the linear pricing program. The pricing scheme proposed in are all examples of auction based pricing strategy [11][12][13][14]. The Table 2 summarizes the function of these pricing techniques which are discussed above.…”

Multi-Level Priority-Based Scheduling Model in Heterogeneous Cloud

“…A Double Auction Bayesian Game-Based Pricing Model is introduced in a study by Shang et al (2010). This model allows the Cloud users to utilize the idle resources in more flexible way.…”

“…Windows Azure, Google Cloud and Amazon use pay-per-use pricing approach. However, there are several disadvantages of implementing the static pricing highlighted in a study by Shang et al (2010). The static pricing may result to the waste of resource if the user only requires to run the application once a month for hours and in some scenarios, the fixed rate pricing model can get expensive.…”