Optimal Pricing for Service Provision in an IaaS Cloud Market with Delay Sensitive Cloud Users

Abstract

Cloud computing has received a significant amount of attentions from both engineering and academic fields. Designing optimal pricing schemes of cloud services plays an important role for the success of cloud computing. How to set optimal prices of cloud resources in order to maximize these CSPs' revenues in an Infrastructure as a Service (IaaS) cloud market while at the same time meeting the cloud users' demand satisfaction is a challenging problem that CSPs should consider. However, most of the current works on cloud market are performed under the assumption that cloud users are not sensitive to delay, which is not practical. Towards this end, in this paper we study price-based service provision in an IaaS cloud market. Our simulations verify our analysis.