Title :
Price Heuristics for Highly Efficient Profit Optimization of Service Composition
Author :
Wang, Xianzhi ; Wang, Zhongjie ; Xu, Xiaofei
Author_Institution :
Sch. of Comput. Sci. & Technol., Harbin Inst. of Technol., Harbin, China
Abstract :
Service composition follows a three-party paradigm, i.e., a broker mediates between service providers and service consumers to properly select and compose a set of distributed services together so that requirements raised by consumers are satisfied by the composite service on demand. As the de facto provider of composite services, the broker charges the consumers, on the other hand, it awards cost to the providers whose services are involved in the composite services. Besides traditional quality-oriented optimization from the consumers\´ point of view, the profit that a broker could earn from the composition is another objective to be optimized. But just as the quality optimization, service selection for profit optimization suffers from dramatic efficiency decline along with the growth in the number of candidate services. On the premise that the expected quality are guaranteed, this paper presents a "divide and select" approach for high-efficiency profit optimization, with price as heuristics. This approach can be applied to both static and dynamic pricing scenarios of service composition. Experiments demonstrate the feasibility.
Keywords :
customer services; optimisation; pricing; profitability; candidate service; composite service; consumer service provider; de facto provider; distributed service selection; dramatic efficiency; dynamic pricing; price heuristics; profit optimization; quality-oriented optimization; service composition; static pricing; three-party paradigm; Complexity theory; Heuristic algorithms; Optimization; Pricing; Quality of service; Service oriented architecture; Strontium; Service Level Agreement (SLA); price heuristics; profit optimization; service broker; web service composition;
Conference_Titel :
Services Computing (SCC), 2011 IEEE International Conference on
Conference_Location :
Washington, DC
Print_ISBN :
978-1-4577-0863-3
Electronic_ISBN :
978-0-7695-4462-5
DOI :
10.1109/SCC.2011.11