Auction-Based Pricing Model for Web Service Providers

Jia Zhang, Ning Zhang and Liang-Jie Zhang
Additional contact information
Jia Zhang: Northern Illinois University, USA
Ning Zhang: Cornell University, USA
Liang-Jie Zhang: Shenzhen University, China

International Journal of Web Services Research (IJWSR), 2006, vol. 3, issue 3, 82-107

Abstract: Applying auctions to Web services selection and invocation calls for examination due to the unique features of Web services, such as interoperable machine-to machine interactions and re-enterable bargaining services. In this paper, we propose a formal model for Web services-based auctions. Examining a one sided sealed auction type, we prove mathematically that service requestors’ risk preferences could lead to different pricing strategies for service providers towards higher profit. We argue that Service Level Agreement (SLA) documents can be used to analyze service requestors’ preferences. On top of WS Agreement, we propose a basic service requestor risk preference elicitation algorithm, as well as a historical data-based service requestor risk preference prediction model. Guidelines are provided to iteratively approach the learning rate of the proposed risk preference prediction model. The methods and techniques presented in this paper can be reused to investigate and examine more facades of services-oriented auctions towards establishing a new research realm on comprehensive services-oriented auctions.

Date: 2006
References: Add references at CitEc
Citations:

Downloads: (external link)
https://services.igi-global.com/resolvedoi/resolve ... 4018/jwsr.2006070104 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:igg:jwsr00:v:3:y:2006:i:3:p:82-107

Access Statistics for this article

International Journal of Web Services Research (IJWSR) is currently edited by Liang-Jie Zhang

More articles in International Journal of Web Services Research (IJWSR) from IGI Global
Bibliographic data for series maintained by Journal Editor ().