2013 IEEE Seventh International Symposium on Service-Oriented System Engineering 2013
DOI: 10.1109/sose.2013.48
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Maximizing Liquidity in Cloud Markets through Standardization of Computational Resources

Abstract: Abstract-Low liquidity in cloud markets can result in market instability and inefficiency, preventing the successful implementation of ubiquitous computing on demand. To circumvent this issue, it has been suggested to channel demand and supply into a limited number of standardized services. These standardized services can even be automatically adapted to user requirements with the goal of continuously improving market performance. In this paper, we focus on answering how many standardized services should be pl… Show more

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Cited by 4 publications
(2 citation statements)
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“…Toosi et al [171] present a method for managing a diverse set of pricing options, such as on-demand or spot instances, and solving the optimisation problem of allocating data center capacity to each data plan. Cloud market mechanics are analysed in [53], where service standardisation and automatic adaptation to user requirements using clustering algorithms and monitor is explored and in [54] where a modified cloud market liquidity metric is proposed to monitor market efficiency. A market-based system based on bidding and adapting to user needs is discussed in [60].…”
Section: Sla Management Methodsmentioning
confidence: 99%
“…Toosi et al [171] present a method for managing a diverse set of pricing options, such as on-demand or spot instances, and solving the optimisation problem of allocating data center capacity to each data plan. Cloud market mechanics are analysed in [53], where service standardisation and automatic adaptation to user requirements using clustering algorithms and monitor is explored and in [54] where a modified cloud market liquidity metric is proposed to monitor market efficiency. A market-based system based on bidding and adapting to user needs is discussed in [60].…”
Section: Sla Management Methodsmentioning
confidence: 99%
“…Furthermore, many studies exist trying to identify critical factors affecting a market of cloud offerings, including considerations related to QoS-aware provisioning of resources and services. An overview of such approaches can be found in (Breskovic et al, 2013).…”
Section: Related Workmentioning
confidence: 99%