Using SLA Mapping to Increase Market Liquidity
AbstractResearch into computing resource markets has mainly considered the question of which market mechanism provides a fair resource allocation. It has not been discussed how a large variety of resource types influences the liquidity of resources in the market. Markets containing large numbers of buyers and sellers for heterogeneous resources suffer from a low likelihood of matching offers and requests (defined through contracts, SLAs). These markets are less attractive for traders because of the high risk of not being able to trade resources (liquidity). We suggest a solution that derives SLA templates from a large number of heterogeneous SLAs in the market, and, by using these templates instead of the original SLAs, facilitate SLA mapping (i.e. mapping of offers to requests). The usefulness of this approach is demonstrated through simulation results and a comparison with an alternative approach in which SLAs are predefined.
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Bibliographic InfoPaper provided by Seoul National University; Technology Management, Economics, and Policy Program (TEMEP) in its series TEMEP Discussion Papers with number 200937.
Length: 21 pages
Date of creation: Oct 2009
Date of revision: Oct 2009
Publication status: Published in NFPSLAM-SOC 2009, 3rd Workshop on Non-Functional Properties and SLA Management in Service-Oriented Computing, in conjunction with ICSOC 2009, 7th International Conference on Service-Oriented Computing, Stockholm, Schweden, November 2009
Service level agreements; Cloud computing; market; commodity goods; matching of bids and asks; SLA matching; market liquidity; market mechanisms; SLA matching;
Find related papers by JEL classification:
- C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- D40 - Microeconomics - - Market Structure and Pricing - - - General
- L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
- M15 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - IT Management
- M21 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics - - - Business Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-01-10 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Schnizler, Bjorn & Neumann, Dirk & Veit, Daniel & Weinhardt, Christof, 2008. "Trading grid services - a multi-attribute combinatorial approach," European Journal of Operational Research, Elsevier, vol. 187(3), pages 943-961, June.
- Ivan Breskovic & Michael Maurer & Vincent C. Emeakaroha & Ivona Brandic & Jorn Altmann, 2011. "Achieving Market Liquidity through Autonomic Cloud Market Management," TEMEP Discussion Papers 201180, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Aug 2011.
- Ivan Breskovic & Jorn Altmann & Ivona Brandic, 2012. "Creating Standardized Products for Electronic Markets," TEMEP Discussion Papers 201296, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Sep 2012.
- Michael Maurera & Vincent C. Emeakarohaa & Ivona Brandica & Jorn Altmann, 2011. "Cost–Benefit Analysis of an SLA Mapping Approach for Defining Standardized Cloud Computing Goods," TEMEP Discussion Papers 201177, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Jul 2011.
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