Title: Resource trading in cloud environments for profit maximisation using an auction model

Authors: Ayoub Alsarhan; Khalid Al-Sarayreh; Abdel-Rahman Al-Ghuwairi; Yousef Kilani

Addresses: Department of Computer Information System, Hashemite University, P.O. Box 150459, Zarqa 13115, Jordan ' Department of Software Engineering, Hashemite University, P.O. Box 150459, Zarqa 13115, Jordan ' Department of Software Engineering, Hashemite University, P.O. Box 150459, Zarqa 13115, Jordan ' Department of Computer Information System, Hashemite University, P.O. Box 150459, Zarqa 13115, Jordan

Abstract: Cloud computing is a promising computing paradigm for trading computing resources over internet. We consider the approach where the cloud provider (CP) rents free processors for its clients. Maximising reward is the key objective for the CP. The optimisation problem of renting processors on the cloud is a complex and challenging task. In addition to consider the requirements of the CP and clients, the commercialisation of clouds requires policies that take into account the economic concerns for the CP and clients. Within this context, we propose an optimal auction based on the concept of virtual valuation for renting processors. The concept of virtual valuation is used in our auction mechanism. Numerical analysis stresses the ability of our approach to maximise the CP's reward under varying cloud environment conditions.

Keywords: auction theory; cloud computing; resource management; truthful auctions; cloud service trading; resource trading; profit maximisation; auction models; modelling; virtual valuation.

DOI: 10.1504/IJAIP.2014.065218

International Journal of Advanced Intelligence Paradigms, 2014 Vol.6 No.3, pp.176 - 190

Received: 27 Nov 2013
Accepted: 21 Feb 2014

Published online: 29 Oct 2014 *

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