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Conference Paper: A Study of Competitive Cloud Resource Pricing under a Smart Grid Environment

TitleA Study of Competitive Cloud Resource Pricing under a Smart Grid Environment
Authors
Issue Date2013
PublisherI E E E, Computer Society.
Citation
The 5th IEEE International Conference on Cloud Computing Technology and Science (CloudCom 2013), Bristo, United Kingdom, 2-5 December 2013. In the Proceedings of the IEEE International Conference on Cloud Computing Technology and Science, 2013, v. 1, p. 655-662, article no. 6753858 How to Cite?
AbstractIn the current IaaS cloud market, to achieve profit maximization, multiple cloud providers compete non-cooperatively by offering diverse price rates. At the same time, tenant consumers judiciously adjust demands accordingly, which in turn affects cloud resource prices. In this paper, we tackle this fundamental but daunting cloud price competition problem with Bertrand game modeling, and propose a dynamic game to achieve Nash equilibrium in a distributed manner. Specifically, we realistically consider spot electricity prices under a smart grid environment, and systematically investigate the impact of different system parameters such as network delay, renewable availability, and cloud resource substitutability. We also perform stability analysis to investigate the convergence of the proposed dynamic game to Nash equilibrium. Cooperation among cloud providers can achieve aggregate cloud profit maximization, but is subject to strategic manipulations. We then propose our Striker strategy to stimulate cooperation, the efficiency of which is validated by repeated game analysis. Our evaluation is augmented with realistic electricity prices in the spot energy market, and reveals insightful observations for both theoretic analysis and practical pricing scheme design.
Persistent Identifierhttp://hdl.handle.net/10722/204073
ISBN

 

DC FieldValueLanguage
dc.contributor.authorJin, Xen_US
dc.contributor.authorKwok, YKen_US
dc.contributor.authorYan, Yen_US
dc.date.accessioned2014-09-19T20:04:13Z-
dc.date.available2014-09-19T20:04:13Z-
dc.date.issued2013en_US
dc.identifier.citationThe 5th IEEE International Conference on Cloud Computing Technology and Science (CloudCom 2013), Bristo, United Kingdom, 2-5 December 2013. In the Proceedings of the IEEE International Conference on Cloud Computing Technology and Science, 2013, v. 1, p. 655-662, article no. 6753858en_US
dc.identifier.isbn9780769550954-
dc.identifier.urihttp://hdl.handle.net/10722/204073-
dc.description.abstractIn the current IaaS cloud market, to achieve profit maximization, multiple cloud providers compete non-cooperatively by offering diverse price rates. At the same time, tenant consumers judiciously adjust demands accordingly, which in turn affects cloud resource prices. In this paper, we tackle this fundamental but daunting cloud price competition problem with Bertrand game modeling, and propose a dynamic game to achieve Nash equilibrium in a distributed manner. Specifically, we realistically consider spot electricity prices under a smart grid environment, and systematically investigate the impact of different system parameters such as network delay, renewable availability, and cloud resource substitutability. We also perform stability analysis to investigate the convergence of the proposed dynamic game to Nash equilibrium. Cooperation among cloud providers can achieve aggregate cloud profit maximization, but is subject to strategic manipulations. We then propose our Striker strategy to stimulate cooperation, the efficiency of which is validated by repeated game analysis. Our evaluation is augmented with realistic electricity prices in the spot energy market, and reveals insightful observations for both theoretic analysis and practical pricing scheme design.-
dc.languageengen_US
dc.publisherI E E E, Computer Society.-
dc.relation.ispartofProceedings of the IEEE International Conference on Cloud Computing Technology and Scienceen_US
dc.rightsProceedings of the IEEE International Conference on Cloud Computing Technology and Science. Copyright © I E E E, Computer Society.-
dc.rights©2013 IEEE. Personal use of this material is permitted. However, permission to reprint/republish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution to servers or lists, or to reuse any copyrighted component of this work in other works must be obtained from the IEEE.-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.titleA Study of Competitive Cloud Resource Pricing under a Smart Grid Environmenten_US
dc.typeConference_Paperen_US
dc.identifier.emailKwok, YK: ykwok@eee.hku.hken_US
dc.identifier.authorityKwok, YK=rp00128en_US
dc.description.naturepublished_or_final_version-
dc.identifier.doi10.1109/CloudCom.2013.93-
dc.identifier.scopuseid_2-s2.0-84899719623-
dc.identifier.hkuros238457en_US
dc.identifier.volume1-
dc.identifier.spage655, article no. 6753858-
dc.identifier.epage662, article no. 6753858-
dc.publisher.placeUnited States-

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