Talks and Poster Presentations (with Proceedings-Entry):
I. Breskovic, I. Brandic, J. Altmann:
"Maximizing Liquidity in Cloud Markets through Standardization of Computational Resources";
Talk: IEEE Seventh International Symposium on Service-Oriented System Engineering, SOSE 2013,
Redwood City, San Francisco Bay, California, USA;
- 2013-03-28; in: "Proceedings of the IEEE Seventh International Symposium on Service-Oriented System Engineering, SOSE 2013",
IEEE Computer Society,
Low liquidity in cloud markets can result in market instability and inefficiency, preventing the successful implementation of ubiquitous computing on demand. To circumvent this issue, it has been suggested to channel demand and supply into a limited number of standardized services. These standardized services can even be automatically adapted to user requirements with the goal of continuously improving market performance. In this paper, we focus on answering how many standardized services should be placed in the market. This work is based on a new definition of liquidity for cloud resources, which in turn has been derived from liquidity definitions of financial markets. Using a simulation framework, we evaluate our method for estimating the optimal quantity of standardized services with respect to market liquidity and demonstrate the benefits of this approach
in terms of increase in market efficiency and decrease in users´
cost of participation in the market. The methods presented in
this paper have the potential to be applied in other electronic
markets as well.
Service level agreement, electronic markets, cloud economics, autonomic computing, standardized goods, market modeling, market liquidity, IT services
"Official" electronic version of the publication (accessed through its Digital Object Identifier - DOI)
Created from the Publication Database of the Vienna University of Technology.