3,661 research outputs found

    Pricing the Cloud: An Adaptive Brokerage for Cloud Computing

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    Abstract—Using a multi-agent social simulation model to predict the behavior of cloud computing markets, Rogers & Cliff (R&C) demonstrated the existence of a profitable cloud brokerage capable of benefitting cloud providers and cloud consumers alike. Functionally similar to financial market brokers, the cloud broker matches provider supply with consumer demand. This is achieved through options, a type of derivatives contract that enables consumers to purchase the option, but not the obligation, of later purchasing the underlying asset—a cloud computing virtual machine instance—for an agreed fixed price. This model benefits all parties: experiencing more predictable demand, cloud providers can better optimize their workflow to minimize costs; cloud users access cheaper rates offered by brokers; and cloud brokers generate profit from charging fees. Here, we replicate and extend the simulation model of R&C using CReST—an opensource, discrete event, cloud data center simulation modeling platform developed at the University of Bristol. Sensitivity analysis reveals fragility in R&C’s model. We address this by introducing a novel method of autonomous adaptive thresholding (AAT) that enables brokers to adapt to market conditions without requiring a priori domain knowledge. Simulation results demonstrate AAT’s robustness, outperforming the fixed brokerage model of R&C under a variety of market conditions. We believe this could have practical significance in the real-world market for cloud computing. Keywords—CReST; simulation; cloud computing; brokerage I

    E-finance-lab at the House of Finance : about us

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    The financial services industry is believed to be on the verge of a dramatic [r]evolution. A substantial redesign of its value chains aimed at reducing costs, providing more efficient and flexible services and enabling new products and revenue streams is imminent. But there seems to be no clear migration path nor goal which can cast light on the question where the finance industry and its various players will be and should be in a decade from now. The mission of the E-Finance Lab is the development and application of research methodologies in the financial industry that promote and assess how business strategies and structures are shared and supported by strategies and structures of information systems. Important challenges include the design of smart production infrastructures, the development and evaluation of advantageous sourcing strategies and smart selling concepts to enable new revenue streams for financial service providers in the future. Overall, our goal is to contribute methods and views to the realignment of the E-Finance value chain. ..

    Cloud Services Brokerage: A Survey and Research Roadmap

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    A Cloud Services Brokerage (CSB) acts as an intermediary between cloud service providers (e.g., Amazon and Google) and cloud service end users, providing a number of value adding services. CSBs as a research topic are in there infancy. The goal of this paper is to provide a concise survey of existing CSB technologies in a variety of areas and highlight a roadmap, which details five future opportunities for research.Comment: Paper published in the 8th IEEE International Conference on Cloud Computing (CLOUD 2015

    Correcting a financial brokerage model for cloud computing: closing the window of opportunity for commercialisation

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    A Survey of Resource Management Challenges in Multi-cloud Environment: Taxonomy and Empirical Analysis

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    Cloud computing has seen a great deal of interest by researchers and industrial firms since its first coined. Different perspectives and research problems, such as energy efficiency, security and threats, to name but a few, have been dealt with and addressed from cloud computing perspective. However, cloud computing environment still encounters a major challenge of how to allocate and manage computational resources efficiently. Furthermore, due to the different architectures and cloud computing networks and models used (i.e., federated clouds, VM migrations, cloud brokerage), the complexity of resource management in the cloud has been increased dramatically. Cloud providers and service consumers have the cloud brokers working as the intermediaries between them, and the confusion among the cloud computing parties (consumers, brokers, data centres and service providers) on who is responsible for managing the request of cloud resources is a key issue. In a traditional scenario, upon renting the various cloud resources from the providers, the cloud brokers engage in subletting and managing these resources to the service consumers. However, providers’ usually deal with many brokers, and vice versa, and any dispute of any kind between the providers and the brokers will lead to service unavailability, in which the consumer is the only victim. Therefore, managing cloud resources and services still needs a lot of attention and effort. This paper expresses the survey on the systems of the cloud brokerage resource management issues in multi-cloud environments

    Towards a Service-Oriented Enterprise: The Design of a Cloud Business Integration Platform in a Medium-Sized Manufacturing Enterprise

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    This case study research followed the two-year transition of a medium-sized manufacturing firm towards a service-oriented enterprise. A service-oriented enterprise is an emerging architecture of the firm that leverages the paradigm of services computing to integrate the capabilities of the firm with the complementary competencies of business partners to offer customers with value-added products and services. Design science research in information systems was employed to pursue the primary design of a cloud business integration platform to enable the secondary design of multi-enterprise business processes to enable the dynamic and effective integration of business partner capabilities with those of the enterprise. The results from the study received industry acclaim for the designed solutions innovativeness and business results in the case study environment. The research makes contributions to the IT practitioner and scholarly knowledge base by providing insight into key constructs associated with service-oriented design and deployment of a cloud enterprise architecture and cloud intermediation model to achieve business results. The study demonstrated how an outside-in service-oriented architecture adoption pattern and cloud computing model enabled a medium-sized manufacturing enterprise to focus on a comprehensive approach to business partner integration and collaboration. The cloud integration platform has enabled a range of secondary designs that leveraged business services to orchestrate inter-enterprise business processes for choreography into service systems and networks for the purposes of value creation. The study results demonstrated enhanced levels of business process agility enabled by the cloud platform leading to secondary designs of transactional, differentiated, innovative, and improvisational business processes. The study provides a foundation for future scholarly research on the role of cloud integration platforms in enterprise computing and the increased importance of service-oriented secondary designs to exploit cloud platforms for sustained business performance
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