Bid-Based approach for pricing web service

Authors:
Inbal Yahav;Avigdor Gal;Nathan Larson
Affiliations:
Israel Institute of Technology, Technion, Haifa, Israel;Israel Institute of Technology, Technion, Haifa, Israel;University of Maryland, College Park, MD
Venue:
ODBASE'06/OTM'06 Proceedings of the 2006 Confederated international conference on On the Move to Meaningful Internet Systems: CoopIS, DOA, GADA, and ODBASE - Volume Part I
Year:
2006

Citing 6
Cited 2

Scheduling Algorithms for Multiprogramming in a Hard-Real-Time Environment

Journal of the ACM (JACM)
Optimizing Multi-Feature Queries for Image Databases

VLDB '00 Proceedings of the 26th International Conference on Very Large Data Bases
Buffer Overflow Management in QoS Switches

SIAM Journal on Computing
Mechanism design for online real-time scheduling

EC '04 Proceedings of the 5th ACM conference on Electronic commerce
An optimal online algorithm for packet scheduling with agreeable deadlines

SODA '05 Proceedings of the sixteenth annual ACM-SIAM symposium on Discrete algorithms
Web services discovery based on the trade-off between quality and cost of service: a token-based approach

ACM SIGecom Exchanges

Bid based scheduler with backfilling for a multiprocessor system

Proceedings of the ninth international conference on Electronic commerce
E-contracting with price configuration for Web services and QoS

International Journal of Web and Grid Services

Quantified Score

Hi-index	0.00

Visualization

Abstract

We consider a problem of Web service resource allocation in an economic setting We assume that different requestors have different valuations for services and a deadline for executing a service, after which it is no longer required We formally show an optimal offline allocation that maximizes the total welfare, denoted as the total benefit of the requestors We then propose a bid-based approach to resource allocation and pricing for Web services Using a detailed simulation, we analyze its behavior and performance compared to other known algorithms We empirically show that flexibility in service price benefits both the provider in terms of profit and the requestors in terms of welfare. Our problem motivation stems from the expanding use of Service-Oriented Architecture (SOA) for outsourcing enterprize activities While the most common method for pricing a Web service nowadays is a fixed-price policy (with a price of 0 in many cases), A Service-Oriented Architecture will increasingly generate competition among providers, underlying the importance of finding methodologies for pricing Web service execution.