A Knowledge-based Continuous Double Auction Model for Cloud Market

Abstract

Recently, the Storage Networking Industry Association (SNIA) has released the first standard for cloud interoperability. With more and more standards for interoperability emerging, it can be expected that a global cloud resource exchange market will form. In such a market, it is challenging to present a dynamic pricing scheme to meet different requirements. To cope with the challenge, in this paper we first present a framework for constructing global cloud resource markets and then propose a knowledge-based continuous double auction (CDA) model that determines the price of cloud resources using a learning algorithm based on historical trading information. Experimental result shows that our model can attain high market efficiency as well as stable trading price.