Abstract
Forward auction, also known as “sell-side auction”, has multiple buyers and single seller in the auction market. The buyers compete by bidding their valuations for the required quantity of resources. In Cloud computing, Amazon sells its unutilized capacity using forward auction. In this chapter, a description of combinatorial forward auction with their relevance and applicability in Cloud is discussed in detail. A combinatorial auction-based formulation is given for the VM provisioning and pricing problem in Cloud market. Some possible allocation algorithms and pricing schemes are discussed for the formulated problem. A detailed survey of existing combinatorial auction mechanisms in Cloud computing is given. Finally, research challenges and issues are discussed to explore future possibilities.
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Baranwal, G., Kumar, D., Raza, Z., Vidyarthi, D. (2018). Forward Auction-Based Cloud Resource Provisioning. In: Auction Based Resource Provisioning in Cloud Computing. SpringerBriefs in Computer Science. Springer, Singapore. https://doi.org/10.1007/978-981-10-8737-0_3
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DOI: https://doi.org/10.1007/978-981-10-8737-0_3
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Publisher Name: Springer, Singapore
Print ISBN: 978-981-10-8736-3
Online ISBN: 978-981-10-8737-0
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