Pricing cloud compute commodities: A novel financial economic model

Proceedings - 12th IEEE/ACM International Symposium on Cluster, Cloud and Grid Computing, CCGrid 2012

Volumn , Issue , 2012, Pages 451-457

  Sharma, Bhanu ^a   Thulasiram, Ruppa K ^a   Thulasiraman, Parimala ^a   Garg, Saurabh K ^b   Buyya, Rajkumar ^b  

^a UNIVERSITY OF MANITOBA   (Canada)

^b UNIVERSITY OF MELBOURNE   (Australia)

Author keywords

Cloud Resources Pricing; Depreciation of Resources; Financial Economic Model; Profit; Quality of Service

Indexed keywords

ASSET VALUE; CLOUD PARAMETERS; CLOUD SERVICES; CONTRACT PERIOD; FINANCIAL ECONOMICS; MOORE'S LAW; OPTION PRICING; PRICE CHANGES; PRICING MODELS; TECHNOLOGY-BASED; USERS PERSPECTIVE;

COSTS; DEPRECIATION; GRID COMPUTING; MATHEMATICAL MODELS; PROFITABILITY; QUALITY OF SERVICE;

ECONOMICS;

EID: 84863648100     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.1109/CCGrid.2012.126     Document Type: Conference Paper

References (17)

1. D. Allenotor and R. K. Thulasiram, "Grid resources pricing: A novel financial option-based quality of service-profit quasi-static equilibrium model," in Proceedings (CD-RoM) of the IEEE/ACM Grid 2008, Tsukuba, Japan, Sep 2008.
2. A. Amazon-Inc., "Amazon elastic compute cloud (amazon ec2)."[Online]. Available: http://aws.amazon.com/ec2
3. M. Armbrust, A. Fox, R. Giffith, A. Joseph, R. Katz, A. Konwinski, G. Lee, D. Patterson, A. Rabkin, I. Stoica, and M. Zaharia, "A view of cloud computing," Communications of the ACM, vol. 53, no. 4, pp. 50-58, April 2010.
4. M. Armbrust, A. Fox, R. Griffith, A. D. Joseph, R. H. Katz, A. Konwinski, G. Lee, D. A. Patterson, A. Rabkin, I. Stoica, and M. Zaharia, "Above the clouds: A berkeley view of cloud computing, technical report ucb/eecs-2009-28 department of electrical engineering and computer science, february," 2009. [Online]. Available: http://www.eecs.berkeley.edu/Pubs/TechRpts/2009/EECS-2009- 28.html
5. F. Black and M. Scholes, "The pricing of options and corporate liabilities," Journal of Political Economy, vol. 81, no. 3, pp. 637-654, January 1973.
6. R. Buyya, C. S. Yeo, S. Venugopal, J. Broberg, and I. Brandic, "Cloud computing and emerging it platforms: Vision, hype, and reality for delivering computing as the 5th utility," Future Generation Computer Systems, vol. 25, no. 6, p. 599616, Jun 2009.
7. R. Buyya, J. Broberg, and A. Goscinski, Cloud Computing: Principles and Paradigms. Wiley, 2011.
8. I. Foster, Y. Zhao, I. Raicu, and S. Lu, "Cloud computing and grid computing 360-degree compared," in Proceedings of the Grid Computing Environments Workshop, Austin, TX, November 2008, pp. 1-10.
9. J. Hull, Options, Futures and Other Derivates. Prentice Hall, 2008.
10. B. Javadi, R. K. Thulasiram, and R. Buyya, "Statistical modeling of spot instance prices in public cloud environments," in Proceedings of the UCC 2011 (to be published), Melbourne, Australia, December 2011.
11. S. Kumar, R. K. Thulasiram, and P. Thulasiraman, "Pricing transmission rights using ant colony optimization," in Proceedings (CD-RoM) of the ACM GECCO 2011, Dublin, Ireland, July 2011.
12. R. Merton, "Theory of rational option pricing," Bell Journal of Economics and Management Science, vol. 4, no. 1, pp. 141-183, 1973.
13. G. Moore, "Cramming more components onto integrated circuits,"Electronics, vol. 38, no. 8, April 1965.
14. C. D. Patel and A. J. Shah, "Cost model for planning, development and operation of a data center, hp technical report-hpl-2005-107(r.1), "2005.
15. A. N. Toosi, R. N. Calheiro, R. K. Thulasiram, and R. Buyya, "Resource provisioning policies to increase IaaS providers profit in a federated cloud environment," in Proceedings (CD-RoM) of the HPCC11, Banff, AB, Canada, Sep 2011.
16. E. Walker, "The real cost of a cpu hour," IEEE Computer, vol. 42, no. 4, pp. 35-41, April 2009.
17. S. Wee, "Debunking real-time pricing in cloud computing," in Proceedings of the CCGrid, Newport Beach, CA, May 2011, pp. 585-590.