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We study the cloud resource auction problem where users can bid for resource bundle containing heterogeneous types of virtual machines, and providers allocate virtual machines to their users through group price model. Compared with fixed price model, which is not always the best approach for trading resources as its economically inefficient and inflexible nature, the group price model possess the...
Market mechanism constitutes an efficient scheme for the allocation of cloud-based computing resources with the view of virtual machines. However, most of the existing mechanisms commonly use fixed price model and ignore flexible price model for the cloud providers. In this paper, we formulate the problem of virtual machine allocation in clouds as a combinatorial auction problem and propose a mechanism...
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