<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Pricing plays an important role for service provision in cloud computing. In this paper, we investigate price based resource access control in two Monopoly IaaS cloud market, respectively. The two IaaS cloud market is formed by one public cloud service providers (CSPs) and cloud broker (CB), provisioning cloud services to delay-sensitive cloud users (CUs). In the first monopoly cloud market, we treat the public CSP as an M/M/1 queueing system and study this CSP’s pricing effect on the equilibrium behaviours of self-interested CUs. We propose two pricing mechanisms with the objective of maximizing revenue and social welfare, respectively. In the second monopoly cloud market, the CB is modelled as an M/M/∞ queueing system, which has infinite capacity to serve a common pool of CUs. We also analyze how pricing affects the equilibrium behaviors of CUs and the revenue-optimal and social-optimal pricing strategies in view of this CSP.</p>
</abstract>

Pricing plays an important role for service provision in cloud computing. In this paper, we investigate price based resource access control in two Monopoly IaaS cloud market, respectively. The two IaaS cloud market is formed by one public cloud service providers (CSPs) and cloud broker (CB), provisioning cloud services to delay-sensitive cloud users (CUs). In the first monopoly cloud market, we treat the public CSP as an M/M/1 queueing system and study this CSP’s pricing effect on the equilibrium behaviours of self-interested CUs. We propose two pricing mechanisms with the objective of maximizing revenue and social welfare, respectively. In the second monopoly cloud market, the CB is modelled as an M/M/∞ queueing system, which has infinite capacity to serve a common pool of CUs. We also analyze how pricing affects the equilibrium behaviors of CUs and the revenue-optimal and social-optimal pricing strategies in view of this CSP.

Optimal Pricing for Service Provision in IaaS Cloud Markets

International Journal of Advanced Network, Monitoring and Controls

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

{"article-title":"Optimal Pricing for Service Provision in IaaS Cloud Markets"}

Pricing plays an important role for service provision in cloud computing. In this paper, we investigate price based resource access control in two Monopoly...

Optimal Pricing for Service Provision in IaaS Cloud Markets

Published Online: Apr 09, 2018

Page range: 153 - 157

DOI: https://doi.org/10.21307/ijanmc-2017-018

Keywords
Keywords-Pricing, IaaS, cloud market, queueing system

© 2017 Gang Fang et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Optimal Pricing for Service Provision in IaaS Cloud Markets

Published Online: Apr 09, 2018

Page range: 153 - 157

DOI: https://doi.org/10.21307/ijanmc-2017-018

KeywordsKeywords-Pricing, IaaS, cloud market, queueing system

© 2017 Gang Fang et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
Keywords-Pricing, IaaS, cloud market, queueing system