ICSOC'12 Proceedings of the 10th international conference on Service-Oriented Computing
An economic agent maximizing cloud provider revenues under a pay-as-you-book pricing model
GECON'12 Proceedings of the 9th international conference on Economics of Grids, Clouds, Systems, and Services
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Cloud computing effectively implements the vision of utility computing by employing a pay-as-you-go cost model and allowing on-demand (re-)leasing of IT resources. Small or medium-sized Infrastructure-as-a-Service providers, however, find it challenging to satisfy all requests immediately due to their limited resource capacity. In that situation, both providers and customers may benefit greatly from advanced reservation of virtual resources, i.e. virtual machines. In our work, we assume SLA-based resource requests and introduce an advanced reservation methodology during SLA negotiation by using computational geometry. Thereby, we are able to verify, record and manage the infrastructure resources efficiently. Based on that model, service providers can easily verify the available capacity for satisfying the customer's Quality-of-Service requirements. Furthermore, we introduce flexible alternative counter-offers, when the service provider lacks resources. Therefore, our mechanism increases the utilization of the resources and attempts to satisfy as many customers as possible.