Achieving Market Liquidity through Autonomic Cloud Market Management
AbstractDue to the large variety in computing resources, Cloud markets often suffer from a low probability of finding matches between consumers' bids and providers' asks, resulting in low market liquidity. The approach of SLA templates (i.e., templates for electronic contracts) is a means to reduce this variety as it channels the demand and supply. However, until now, the SLA templates used were static, not able to reflect changes in users' requirements. To address this shortcoming, we introduce an adaptive approach for automatically deriving public SLA templates based on the requirements of market participants. To achieve this goal, we utilize clustering algorithms for grouping similar requirements and learning methods for adapting the public SLA templates to observed changes of market conditions. To assess the benefits of the approach, we conduct a simulation-based evaluation and formalize a utility and cost model. Our results show that the use of clustering algorithms and learning algorithms improves the performance of the adaptive SLA template approach.
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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 201180.
Length: 22 pages
Date of creation: Aug 2011
Date of revision: Aug 2011
: Service Level Agreement; SLA management; electronic markets; autonomic computing; marketplace; market environments.;
Find related papers by JEL classification:
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
- L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
- L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
- M15 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - IT Management
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.:
- Michael Maurer & Vincent C. Emeakaroha & Ivona Brandic & Jorn Altmann, 2010. "Cost and Benefit of the SLA Mapping Approach for Defining Standardized Goods in Cloud Computing Markets," TEMEP Discussion Papers 201069, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Dec 2010.
- Marcel Risch & Ivona Brandic & Jorn Altmann, 2009. "Using SLA Mapping to Increase Market Liquidity," TEMEP Discussion Papers 200937, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Oct 2009.
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