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About Bid Price Control and Dynamic Pricing in Clouds
This document discusses applying revenue management concepts like bid price control and dynamic pricing to cloud computing. It begins with an introduction to cloud computing and revenue management. It then discusses related work on cloud computing, defining it and distinguishing it from grid computing. It also discusses the history and concepts of revenue management. Finally, it discusses how revenue management could be applied to cloud computing by meeting certain requirements like having services with finite time durations and different customer segments with varying willingness to pay. Simulation results showed that dynamic pricing outperformed static pricing in maximizing revenue and sometimes led to smoother resource utilization. Bid price control also generally performed better than static pricing.
Detailed Information
| Author: | ['Monisha Cyril'] |
|---|---|
| Publication Year: | 2011 |
| Pages: | 13 |
| Language: | English |
| Format: | |
| Price: | FREE |
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