A reverse auction market for cloud resourcesA reverse auction market for cloud resources
Faculty of Sciences. Mathematics and Computer Science
Modeling Of Systems and Internet Communication (MOSAIC)
Lecture notes in computer science
7150(2012), p. 32-45
University of Antwerp
The proliferation of the Infrastructure-as-a-Service (IaaS) paradigm has introduced possibilities for trading computational resources on a scale that moves beyond the individual provider level. At present however, the adoption of open markets for trading IaaS resources has been largely unexplored. This paper investigates the design of such an open market. Our focus thereby lies on flexibility and the ability to model and integrate currently deployed pricing schemes of real-world providers instead of imposing new schemes. We discuss the issues encountered by the Continuous Double Auction (CDA) in this regard and introduce a Continuous Reverse Auction (CRA) that is paired with a novel bidding language based on tag and constraint sets.