Paper Info
Title
Continuous Double Auction For Cloud Market: Pricing And Bidding Analysis
Abstract
Cloud computing has recently attracted a substantial amount of attention from both industry and academia. Its growing demand gives normal users an opportunity to sell their local resources to the cloud market, which introduces new challenges for the existing coarse-grained pricing models.In this paper, we examine the potential of applying continuous double auction framework to handle these heterogeneous cloud resources. First, we establish an e-auction platform, on which cloud service providers and users can trade computing and storage resources online. Then we formulate a continuous double auction model for cloud market and further develop a novel belief-based hybrid bidding strategy (BH-strategy) for cloud players to ensure their profit maximization. At last, we conduct three simulation scenarios to compare the performance between BH-strategy and other dominating bidding strategies, and plenty of simulation results show that our BH-strategy outperforms others in all the scenarios on user surpluses by 20% or above. Besides, the BH-strategy can obtain a 16% higher efficiency in 1/3 the amount of time of other strategies.
Year
Venue
Keywords
2016
2016 IEEE WIRELESS COMMUNICATIONS AND NETWORKING CONFERENCE
Cloud Computing, Continuous Double Auction, Bidding Strategies, Resource Allocation
Field
DocType
ISSN
Resource management,Cloud resources,Computer science,Market price,Operations research,Continuous double auction,Computer network,Resource allocation,Profit maximization,Bidding,Cloud computing
Conference
1525-3511
Citations 
PageRank 
References 
0
0.34
13
Authors
6
Name
Order
Citations
PageRank
Yuchao Zhang15612.88
Ke Xu21392171.73
Xuelin Shi3386.04
Haiyang Wang457373.18
Jiangchuan Liu54340310.86
Yong Wang6141.01