Service Composition Strategy with Consideration of Equilibrium Price

Abstract

In practice, introduction of a new service composition to service market will bring expansion of whole market, but also competition to service available of service integrator itself and its competitor in the same market. Therefore, we establish a model with two object, the first is to maximize benefit growth by introduction of new service composition with considerition of equilibrium price, the second is to minimize reduction to profit availabe of the service integrator itself. Heuristic algorithm to solve the model and an examle are given, the result indicates that the model and algorithm can get approximate solution effectively.