Title :
Fixed and market pricing for cloud services
Author :
Abhishek, Vineet ; Kash, Ian A. ; Key, Peter
Author_Institution :
Univ. of Illinois at Urbana-Champaign, Urbana, IL, USA
Abstract :
This paper considers two simple pricing schemes for selling cloud instances and studies the trade-off between them. We characterize the equilibrium for the hybrid system where arriving jobs can choose between fixed or the market based pricing. We provide theoretical and simulation based evidence suggesting that fixed price generates a higher expected revenue than the hybrid system.
Keywords :
cloud computing; commerce; pricing; cloud services; fixed pricing; hybrid system; market pricing; simple pricing schemes; trade-off; Cloud computing; Computational modeling; Integrated circuits; Pricing; Queueing analysis; Servers; Vectors;
Conference_Titel :
Computer Communications Workshops (INFOCOM WKSHPS), 2012 IEEE Conference on
Conference_Location :
Orlando, FL
Print_ISBN :
978-1-4673-1016-1
DOI :
10.1109/INFCOMW.2012.6193479
