Double auction-based cloud resource provisioning

Abstract

In double auction, both the user and the provider bid in the market. In this chapter, a detailed description of double auction mechanisms and their applicability in Cloud market is discussed. Various auction properties, that a double auction mechanism should satisfy, have also been discussed and deliberated. A detailed survey of related work in double auction-based Cloud resource provisioning and pricing is provided. A truthful multi-unit double auction-based model is also presented to help and motivate the Cloud researchers/academicians to design such efficient and truthful mechanisms for the Cloud market. Finally, research challenges and issues are identified with future research possibilities. © The Author(s) 2018.