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Virtual resource pricing scheme in cloud platforms

Author

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  • Ying Hu
  • Ze Xiao

Abstract

Recently, economic model has been widely applied in cloud platforms for regulating virtual resource sharing. In the economic model, resource pricing scheme plays a key role for managing the relationship between cloud users and cloud providers. In this paper, we present a novel pricing scheme for virtual resource provision with aiming at improving resource utilisation and reducing operational costs for cloud providers. Unlike previous studies, the proposed pricing scheme applies producer-retailer-client model to describe the procedure of virtual resource trade and provides the optimal pricing solution by using gaming theory. Extensive experiments are conducted in a real-world cloud platform, and the results demonstrate that the proposed pricing scheme outperforms other approaches in terms of the increased profit and the reduction of variance of virtual resource prices.

Suggested Citation

  • Ying Hu & Ze Xiao, 2018. "Virtual resource pricing scheme in cloud platforms," International Journal of Networking and Virtual Organisations, Inderscience Enterprises Ltd, vol. 18(1), pages 67-79.
    • Handle: RePEc:ids:ijnvor:v:18:y:2018:i:1:p:67-79
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