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Article

A SECURITY-DRIVEN APPROACH TO THE AUCTION-BASED CLOUD SERVICE PRICING

DOI: 10.7708/ijtte.2021.11(2).03


11 / 2 / 213-228 Pages

Author(s)

Branka Mikavica - University of Belgrade, Faculty of Transport and Traffic Engineering, Vojvode Stepe 305, 11000 Belgrade, Serbia -

Aleksandra Kostić-Ljubisavljević - University of Belgrade, Faculty of Transport and Traffic Engineering, Vojvode Stepe 305, 11000 Belgrade, Serbia -

Dražen Popović - University of Belgrade, Faculty of Transport and Traffic Engineering, Vojvode Stepe 305, 11000 Belgrade, Serbia -


Abstract

Cloud computing is a widely used paradigm due to its substantial resource integration and computing capabilities. Cloud resources are organized into virtual machines (VMs) with corresponding computational and storage capacities. Security and pricing are considered as important issues from both cloud provider and cloud customers’ perspective, directly affecting the cloud provider’s revenues and cloud customers’ experience. VMs are one of the most vulnerable segments in the cloud environment. In this paper, the VMs security modelling is introduced to assess the security level of VMs. This approach is gathered with cloud service pricing. Auction-based pricing mechanisms are often suggested as a promising solution for revenue maximization. Appropriately set auction mechanisms provide incentives for cloud customers to bid truthfully, i.e., create bids that depict their real willingness to pay cloud service. This paper addresses various bidding strategies and various security levels provided under two auction-based pricing mechanisms, Uniform price auction and Generalized Second-price auction. Comparison of these security-driven auction-based pricing mechanisms is provided based on the winning bids, cloud provider’s revenues and possible losses due to VMs unavailability.


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Acknowledgements:

This work was supported by the Ministry of Education, Science and Technological Development of the Republic of Serbia [grant number TR 32025].


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