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Authors: Owen Rogers and Dave Cliff

Affiliation: University of Bristol, United Kingdom

ISBN: 978-989-8425-96-6

Keyword(s): Utility computing, Market-orientated computing, Resource reservations, Cloud computing, Options markets.

Related Ontology Subjects/Areas/Topics: Agents ; Artificial Intelligence ; Bioinformatics ; Biomedical Engineering ; e-Business ; Economic Agent Models ; Enterprise Information Systems ; Grid Computing ; Information Systems Analysis and Specification ; Internet Technology ; Methodologies and Technologies ; Operational Research ; Simulation ; Technology Platforms ; Web Information Systems and Technologies

Abstract: As cloud computing grows in popularity and usage, providers of cloud services are facing challenges of scale and complexity; how can they ensure they are most efficiently using their existing infrastructure, and when should they invest in new infrastructure to meet demand? We propose a two-period model which utilises a third party called the Coordinator, who interacts with a population of resource-buyers. The Coordinator uses two mechanisms to aid the provider in future capacity planning. Firstly, the Coordinator extracts probabilities from the buyers through an options market to determine their likely usage in the next period, which can subsequently be used to schedule workloads. Secondly, the Coordinator uses previous market demand to predict if cost can be reduced by investing in a reservation over a longer period. This upfront investment contributes to the provider’s capital expenditure in new capability and implies that Coordinator intends to further utilise such an investment. W e implement the model in an agent-based simulation using actual UK market data where a pool of users submit different probabilities based on previous market demand. We show that the Coordinator can make a profit when faced with different market conditions, and that profit can be maximised by considering the utilisation of previously purchased reservations. (More)

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Paper citation in several formats:
Rogers, O. and Cliff, D. (2012). FORECASTING DEMAND FOR CLOUD COMPUTING RESOURCES - An Agent-based Simulation of a Two Tiered Approach.In Proceedings of the 4th International Conference on Agents and Artificial Intelligence - Volume 2: ICAART, ISBN 978-989-8425-96-6, pages 106-112. DOI: 10.5220/0003717201060112

@conference{icaart12,
author={Owen Rogers. and Dave Cliff.},
title={FORECASTING DEMAND FOR CLOUD COMPUTING RESOURCES - An Agent-based Simulation of a Two Tiered Approach},
booktitle={Proceedings of the 4th International Conference on Agents and Artificial Intelligence - Volume 2: ICAART,},
year={2012},
pages={106-112},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0003717201060112},
isbn={978-989-8425-96-6},
}

TY - CONF

JO - Proceedings of the 4th International Conference on Agents and Artificial Intelligence - Volume 2: ICAART,
TI - FORECASTING DEMAND FOR CLOUD COMPUTING RESOURCES - An Agent-based Simulation of a Two Tiered Approach
SN - 978-989-8425-96-6
AU - Rogers, O.
AU - Cliff, D.
PY - 2012
SP - 106
EP - 112
DO - 10.5220/0003717201060112

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