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Feasibility of Providers' Coalition in Reverse Auction-Based Cloud Market

Feasibility of Providers' Coalition in Reverse Auction-Based Cloud Market
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Author(s): Gaurav Baranwal (Department of Computer Science, Banaras Hindu University, Varanasi, India), Dinesh Kumar (Department of Computer Science and Engineering, Motilal Nehru National Institute of Technology, Allahabad, India)and Deo Prakash Vidyarthi (School of Computer and Systems Sciences, Jawaharlal Nehru University, New Delhi, India)
Copyright: 2020
Pages: 11
Source title: Handling Priority Inversion in Time-Constrained Distributed Databases
Source Author(s)/Editor(s): Udai Shanker (Madan Mohan Malaviya University of Technology, India)and Sarvesh Pandey (Madan Mohan Malaviya University of Technology, India)
DOI: 10.4018/978-1-7998-2491-6.ch007

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Abstract

Cloud computing has revolutionized the IT world by its benefits. Cloud users can take relational and non-relational databases in the form of services or can run their own database on computing resources provided by the cloud. With evolution of cloud, new challenges are emerging, and the responsibility of the professional is to provide solution to these challenges. Dynamic pricing of computing resources in the cloud is now widely acceptable by its users. But in the current market of cloud, reverse auction (a mechanism to implement dynamic pricing) is not getting the attention from professionals that it deserves. This work is an effort to identify the facts in the cloud market that are responsible for current condition of reverse auction. In this work, from the identified limitations of current cloud market and case study on existing model for reverse auction in cloud, one can observe that coalition of small cloud providers with common interoperability standard in reverse auction is a feasible solution to encourage cloud market for adapting reverse auction-based resource allocation.

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