Procurement is the acquisition of goods, services or works from an outside external source. We present a cloud resource procurement approach which not only automates the selection of an appropriate cloud vendor but also implements dynamic pricing. Three possible mechanisms are suggested for cloud resource procurement: cloud-dominant strategy incentive compatible (C-DSIC), cloud-Bayesian incentive compatible (C-BIC), and cloud optimal (C-OPT). C-DSIC is dominant strategy incentive compatible, based on the VCG mechanism, and is a low-bid Vickrey auction. C-BIC is Bayesian incentive compatible, which achieves budget balance. C-BIC does not satisfy individual rationality. In C-DSIC and C-BIC, the cloud vendor who charges the lowest cost per unit Quality of Service is declared the winner. We also propose a procurement module for a cloud broker which can implement C-OPT to perform resource procurement in a cloud computing context. In C-OPT, the cloud vendor with the least virtual cost is declared the winner. C-OPT overcome the limitations of both C-DSIC and C-BIC. In additional we also implement the dynamic pricing and enable the link for specified clients.
Priya D, Revathy G, Yogalakshmi A, Jasmin Suji V
Resource procurement, dynamic pricing, cloud broker, multiattribute auctions
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Cite This Article
Priya D, Revathy G, Yogalakshmi A, Jasmin Suji V, " A Procurement Mechanism for Dynamic Resource Pricing In Cloud Computing", International Journal of Scientific Research in Science, Engineering and Technology(IJSRSET), Print ISSN : 2395-1990, Online ISSN : 2394-4099, Volume 1, Issue 2, pp.525-530, March-April-2015.
URL : http://ijsrset.com/IJSRSET152298.php