Reverse auction-based cloud resource provisioning

Abstract

Out of many auction techniques, reverse auction is the one in which providers act as bidders. In this chapter, a detailed description of reverse auction and its benefits to Cloud providers and customers are discussed. Various attributes of reverse auction are presented in the Cloud scenario for its applicability. Various auction properties, an auction designer vies to achieve, have also been listed and deliberated. A detailed and comparative survey of existing works in reverse auction on the basis of auction properties is given to better understand the state of the art of reverse auction in Cloud. A truthful combinatorial reverse auction model is also presented to help in understanding and designing a reverse auction mechanism for the Cloud researchers in order to achieve a defined goal. Open research issues are highlighted to provide an insight for the future research work in this area. © The Author(s) 2018.