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Utility computing models such as cloud computing provide a variety of computing services using several pricing options. Flexibility of requirements and availability of pricing options, enable a consumer to make trade-offs between cost and time. These trade-offs are governed by consumers' behavior with respect to how they discount price vis-à-vis time of delivery. In this paper, we study this trade-off...
Cloud computing offers information technology resources like infrastructure, platform and software in the form of on-demand services. Adoption of cloud yields several benefits to the consumer and these benefits could be realized to their fullest potential in a market based mechanism. At present, commercial marketplaces for cloud-based services are in their infancy. Nevertheless, we are gradually moving...
Cloud computing offers computing and storage services which can be dynamically developed, composed and deployed on virtualized infrastructure. Cloud providers holding excess spare capacity, incentivize customers to purchase it by selling them in a market (spot market), where the prices are derived dynamically based on supply and demand. The cloud providers allow clients to bid on this excess capacity...
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