An Online Mechanism for Resource Allocation and Pricing in Clouds

Mashayekhy, L; Nejad, MM; Grosu, D; Vasilakos, AV

An Online Mechanism for Resource Allocation and Pricing in Clouds

Mashayekhy, L Nejad, MM Grosu, D Vasilakos, AV

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Publisher:: IEEE COMPUTER SOC
Publication Type:: Journal Article
Citation:: IEEE Transactions on Computers, 2016, 65, (4), pp. 1172-1184
Issue Date:: 2016-04-01

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Field	Value	Language
dc.contributor.author	Mashayekhy, L
dc.contributor.author	Nejad, MM
dc.contributor.author	Grosu, D
dc.contributor.author	Vasilakos, AV
dc.date.accessioned	2022-08-11T05:51:57Z
dc.date.available	2022-08-11T05:51:57Z
dc.date.issued	2016-04-01
dc.identifier.citation	IEEE Transactions on Computers, 2016, 65, (4), pp. 1172-1184
dc.identifier.issn	0018-9340
dc.identifier.issn	1557-9956
dc.identifier.uri	http://hdl.handle.net/10453/159939
dc.description.abstract	Cloud providers provision their various resources such as CPUs, memory, and storage in the form of virtual machine (VM) instances which are then allocated to the users. The users are charged based on a pay-as-you-go model, and their payments should be determined by considering both their incentives and the incentives of the cloud providers. Auction markets can capture such incentives, where users name their own prices for their requested VMs. We design an auction-based online mechanism for VM provisioning, allocation, and pricing in clouds that considers several types of resources. Our proposed online mechanism makes no assumptions about future demand of VMs, which is the case in real cloud settings. The proposed online mechanism is invoked as soon as a user places a request or some of the allocated resources are released and become available. The mechanism allocates VM instances to selected users for the period they are requested for, and ensures that the users will continue using their VM instances for the entire requested period. In addition, the mechanism determines the payment the users have to pay for using the allocated resources. We prove that the mechanism is incentive-compatible, that is, it gives incentives to the users to reveal their actual requests. We investigate the performance of our proposed mechanism through extensive experiments.
dc.language	English
dc.publisher	IEEE COMPUTER SOC
dc.relation.ispartof	IEEE Transactions on Computers
dc.relation.isbasedon	10.1109/TC.2015.2444843
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	0803 Computer Software, 0805 Distributed Computing, 1006 Computer Hardware
dc.subject.classification	Computer Hardware & Architecture
dc.title	An Online Mechanism for Resource Allocation and Pricing in Clouds
dc.type	Journal Article
utslib.citation.volume	65
utslib.for	0803 Computer Software
utslib.for	0805 Distributed Computing
utslib.for	1006 Computer Hardware
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology/School of Electrical and Data Engineering
utslib.copyright.status	closed_access	*
dc.date.updated	2022-08-11T05:51:56Z
pubs.issue	4
pubs.publication-status	Published
pubs.volume	65
utslib.citation.issue	4

Abstract:

Cloud providers provision their various resources such as CPUs, memory, and storage in the form of virtual machine (VM) instances which are then allocated to the users. The users are charged based on a pay-as-you-go model, and their payments should be determined by considering both their incentives and the incentives of the cloud providers. Auction markets can capture such incentives, where users name their own prices for their requested VMs. We design an auction-based online mechanism for VM provisioning, allocation, and pricing in clouds that considers several types of resources. Our proposed online mechanism makes no assumptions about future demand of VMs, which is the case in real cloud settings. The proposed online mechanism is invoked as soon as a user places a request or some of the allocated resources are released and become available. The mechanism allocates VM instances to selected users for the period they are requested for, and ensures that the users will continue using their VM instances for the entire requested period. In addition, the mechanism determines the payment the users have to pay for using the allocated resources. We prove that the mechanism is incentive-compatible, that is, it gives incentives to the users to reveal their actual requests. We investigate the performance of our proposed mechanism through extensive experiments.

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http://hdl.handle.net/10453/159939