Skip to main content

A Reverse Auction Market for Cloud Resources

  • Conference paper

Part of the Lecture Notes in Computer Science book series (LNCCN,volume 7150)

Abstract

The proliferation of the Infrastructure-as-a-Service (IaaS) paradigm has introduced possibilities for trading computational resources on a scale that moves beyond the individual provider level. At present however, the adoption of open markets for trading IaaS resources has been largely unexplored. This paper investigates the design of such an open market. Our focus thereby lies on flexibility and the ability to model and integrate currently deployed pricing schemes of real-world providers instead of imposing new schemes. We discuss the issues encountered by the Continuous Double Auction (CDA) in this regard and introduce a Continuous Reverse Auction (CRA) that is paired with a novel bidding language based on tag and constraint sets.

Keywords

  • Markets
  • Bidding Language
  • Reverse Auction
  • Double Auction
  • IaaS
  • Cloud Computing

This is a preview of subscription content, access via your institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (Canada)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   54.99
Price excludes VAT (Canada)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   69.99
Price excludes VAT (Canada)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Altmann, J., Courcoubetis, C., Stamoulis, G.D., Dramitinos, M., Rayna, T., Risch, M., Bannink, C.: GridEcon: A Market Place for Computing Resources. In: Altmann, J., Neumann, D., Fahringer, T. (eds.) GECON 2008. LNCS, vol. 5206, pp. 185–196. Springer, Heidelberg (2008)

    CrossRef  Google Scholar 

  2. Bapna, R., Das, S., Garfinkel, R., Stallaert, J.: A market design for grid computing. INFORMS Journal on Computing 20(1), 100–111 (2007)

    CrossRef  Google Scholar 

  3. Broberg, J., Venugopal, S., Buyya, R.: Market-oriented grids and utility computing: The state-of-the-art and future directions. Journal of Grid Computing 6(2), 255–276 (2008)

    CrossRef  Google Scholar 

  4. Dubé, N.: SuperComputing Futures: the Next Sharing Paradigm for HPC Resources. Ph.D. thesis, Université Laval (2008)

    Google Scholar 

  5. Fujiwara, I., Aida, K., Ono, I.: Applying double-sided combinational auctions to resource allocation in cloud computing. In: Proceedings of the 10th IEEE/IPSJ International Symposium on Applications and the Internet (SAINT), pp. 7–14 (July 2010)

    Google Scholar 

  6. Leong, L.: Adopting cloud infrastructure as a service in the ’real world’. Tech. rep., Gartner (2011)

    Google Scholar 

  7. Neumann, D., Stoesser, J., Anandasivam, A., Borissov, N.: SORMA – Building an Open Grid Market for Grid Resource Allocation. In: Veit, D.J., Altmann, J. (eds.) GECON 2007. LNCS, vol. 4685, pp. 194–200. Springer, Heidelberg (2007)

    CrossRef  Google Scholar 

  8. NewServers: NewServers homepage (2009), http://www.newservers.com/

  9. Roovers, J.: A Market Design for IaaS Cloud Resources. Master’s thesis, University of Antwerp (2011), http://thesisjorisroovers.blogspot.com

  10. Roovers, J., Vanmechelen, K.: IaaS Reverse Auction Market Prototype Implementation (2011), http://jorisroovers.com/files/IaaSMarketPrototype.zip

  11. Vanmechelen, K., Depoorter, W., Broeckhove, J.: Combining futures and spot markets: A hybrid market approach to economic grid resource management. Journal of Grid Computing 9(1), 81–94 (2011)

    CrossRef  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and Permissions

Copyright information

© 2012 Springer-Verlag Berlin Heidelberg

About this paper

Cite this paper

Roovers, J., Vanmechelen, K., Broeckhove, J. (2012). A Reverse Auction Market for Cloud Resources. In: Vanmechelen, K., Altmann, J., Rana, O.F. (eds) Economics of Grids, Clouds, Systems, and Services. GECON 2011. Lecture Notes in Computer Science, vol 7150. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-28675-9_3

Download citation

  • DOI: https://doi.org/10.1007/978-3-642-28675-9_3

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-28674-2

  • Online ISBN: 978-3-642-28675-9

  • eBook Packages: Computer ScienceComputer Science (R0)