DataSys 2023 Congress
June 26, 2023 to June 30, 2023 - Nice, Saint-Laurent-du-Var, France

  • AICT 2023, The Nineteenth Advanced International Conference on Telecommunications
  • ICIW 2023, The Eighteenth International Conference on Internet and Web Applications and Services
  • ICIMP 2023, The Eighteenth International Conference on Internet Monitoring and Protection
  • SMART 2023, The Twelfth International Conference on Smart Cities, Systems, Devices and Technologies
  • IMMM 2023, The Thirteenth International Conference on Advances in Information Mining and Management
  • INFOCOMP 2023, The Thirteenth International Conference on Advanced Communications and Computation
  • MOBILITY 2023, The Thirteenth International Conference on Mobile Services, Resources, and Users
  • SPWID 2023, The Ninth International Conference on Smart Portable, Wearable, Implantable and Disability-oriented Devices and Systems
  • ACCSE 2023, The Eighth International Conference on Advances in Computation, Communications and Services

ComputationWorld 2023 Congress
June 26, 2023 to June 30, 2023 - Nice, Saint-Laurent-du-Var, France

  • SERVICE COMPUTATION 2023, The Fifteenth International Conference on Advanced Service Computing
  • CLOUD COMPUTING 2023, The Fourteenth International Conference on Cloud Computing, GRIDs, and Virtualization
  • FUTURE COMPUTING 2023, The Fifteenth International Conference on Future Computational Technologies and Applications
  • COGNITIVE 2023, The Fifteenth International Conference on Advanced Cognitive Technologies and Applications
  • ADAPTIVE 2023, The Fifteenth International Conference on Adaptive and Self-Adaptive Systems and Applications
  • CONTENT 2023, The Fifteenth International Conference on Creative Content Technologies
  • PATTERNS 2023, The Fifteenth International Conference on Pervasive Patterns and Applications
  • COMPUTATION TOOLS 2023, The Fourteenth International Conference on Computational Logics, Algebras, Programming, Tools, and Benchmarking
  • BUSTECH 2023, The Thirteenth International Conference on Business Intelligence and Technology

NetWare 2023 Congress
September 25, 2023 to September 29, 2023 - Porto, Portugal

  • SENSORCOMM 2023, The Seventeenth International Conference on Sensor Technologies and Applications
  • SENSORDEVICES 2023, The Fourteenth International Conference on Sensor Device Technologies and Applications
  • SECURWARE 2023, The Seventeenth International Conference on Emerging Security Information, Systems and Technologies
  • AFIN 2023, The Fifteenth International Conference on Advances in Future Internet
  • CENICS 2023, The Sixteenth International Conference on Advances in Circuits, Electronics and Micro-electronics
  • ICQNM 2023, The Seventeenth International Conference on Quantum, Nano/Bio, and Micro Technologies
  • FASSI 2023, The Ninth International Conference on Fundamentals and Advances in Software Systems Integration
  • GREEN 2023, The Eighth International Conference on Green Communications, Computing and Technologies

NexTech 2023 Congress
September 25, 2023 to September 29, 2023 - Porto, Portugal

  • UBICOMM 2023, The Seventeenth International Conference on Mobile Ubiquitous Computing, Systems, Services and Technologies
  • ADVCOMP 2023, The Seventeenth International Conference on Advanced Engineering Computing and Applications in Sciences
  • SEMAPRO 2023, The Seventeenth International Conference on Advances in Semantic Processing
  • AMBIENT 2023, The Thirteenth International Conference on Ambient Computing, Applications, Services and Technologies
  • EMERGING 2023, The Fifteenth International Conference on Emerging Networks and Systems Intelligence
  • DATA ANALYTICS 2023, The Twelfth International Conference on Data Analytics
  • GLOBAL HEALTH 2023, The Twelfth International Conference on Global Health Challenges
  • CYBER 2023, The Eighth International Conference on Cyber-Technologies and Cyber-Systems

TrendNews 2023 Congress
September 25, 2023 to September 29, 2023 - Porto, Portugal

  • CORETA 2023, Advances on Core Technologies and Applications
  • DIGITAL 2023, Advances on Societal Digital Transformation

SocSys 2023 Congress
November 13, 2023 to November 17, 2023 - Valencia, Spain

SoftNet 2023 Congress
November 13, 2023 to November 17, 2023 - Valencia, Spain

  • ICSEA 2023, The Eighteenth International Conference on Software Engineering Advances
  • ICSNC 2023, The Eighteenth International Conference on Systems and Networks Communications
  • CENTRIC 2023, The Sixteenth International Conference on Advances in Human-oriented and Personalized Mechanisms, Technologies, and Services
  • VALID 2023, The Fifteenth International Conference on Advances in System Testing and Validation Lifecycle
  • SIMUL 2023, The Fifteenth International Conference on Advances in System Simulation
  • SOTICS 2023, The Thirteenth International Conference on Social Media Technologies, Communication, and Informatics
  • INNOV 2023, The Twelfth International Conference on Communications, Computation, Networks and Technologies
  • HEALTHINFO 2023, The Eighth International Conference on Informatics and Assistive Technologies for Health-Care, Medical Support and Wellbeing

IARIA Congress 2023, The 2023 IARIA Annual Congress on Frontiers in Science, Technology, Services, and Applications
November 13, 2023 to November 17, 2023 - Valencia, Spain

 

 


ThinkMind // SIMUL 2013, The Fifth International Conference on Advances in System Simulation // View article simul_2013_5_20_50079


Pricing the Cloud: An Adaptive Brokerage for Cloud Computing

Authors:
Philip Clamp
John Cartlidge

Keywords: CReST; simulation; cloud computing; brokerage

Abstract:
Using a multi-agent social simulation model to predict the behavior of cloud computing markets, Rogers & Cliff (R&C) demonstrated the existence of a profitable cloud brokerage capable of benefitting cloud providers and cloud consumers alike. Functionally similar to financial market brokers, the cloud broker matches provider supply with consumer demand. This is achieved through options, a type of derivatives contract that enables consumers to purchase the option, but not the obligation, of later purchasing the underlying asset—a cloud computing virtual machine instance—for an agreed fixed price. This model benefits all parties: experiencing more predictable demand, cloud providers can better optimize their workflow to minimize costs; cloud users access cheaper rates offered by brokers; and cloud brokers generate profit from charging fees. Here, we replicate and extend the simulation model of R&C using CReST—an opensource, discrete event, cloud data center simulation modeling platform developed at the University of Bristol. Sensitivity analysis reveals fragility in R&C’s model. We address this by introducing a novel method of Autonomous Adaptive Thresholding (AAT) that enables brokers to adapt to market conditions without requiring a priori domain knowledge. Simulation results demonstrate AAT’s robustness, outperforming the fixed brokerage model of R&C under a variety of market conditions. We believe this could have practical significance in the real-world market for cloud computing.

Pages: 113 to 121

Copyright: Copyright (c) IARIA, 2013

Publication date: October 27, 2013

Published in: conference

ISSN: 2308-4537

ISBN: 978-1-61208-308-7

Location: Venice, Italy

Dates: from October 27, 2013 to October 31, 2013

SERVICES CONTACT
2010 - 2022 © ThinkMind. All rights reserved.
Read Terms of Service and Privacy Policy.