Using SLA Mapping to Increase Market Liquidity

Marcel Risch, Ivona Brandic () and Jörn Altmann

No 200937, TEMEP Discussion Papers from Seoul National University; Technology Management, Economics, and Policy Program (TEMEP)

Abstract: Research into computing resource markets has mainly considered the question of which market mechanism provides a fair resource allocation. It has not been discussed how a large variety of resource types influences the liquidity of resources in the market. Markets containing large numbers of buyers and sellers for heterogeneous resources suffer from a low likelihood of matching offers and requests (defined through contracts, SLAs). These markets are less attractive for traders because of the high risk of not being able to trade resources (liquidity). We suggest a solution that derives SLA templates from a large number of heterogeneous SLAs in the market, and, by using these templates instead of the original SLAs, facilitate SLA mapping (i.e. mapping of offers to requests). The usefulness of this approach is demonstrated through simulation results and a comparison with an alternative approach in which SLAs are predefined.

Keywords: Service level agreements; Cloud computing; market; commodity goods; matching of bids and asks; SLA matching; market liquidity; market mechanisms; SLA matching (search for similar items in EconPapers)
JEL-codes: C15 C63 D40 L86 M15 M21 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2009-10, Revised 2009-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published in NFPSLAM-SOC 2009, 3rd Workshop on Non-Functional Properties and SLA Management in Service-Oriented Computing, in conjunction with ICSOC 2009, 7th International Conference on Service-Oriented Computing, Stockholm, Schweden, November 2009

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Persistent link: https://EconPapers.repec.org/RePEc:snv:dp2009:200937

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