Auction based resource allocation in cloud computing

Abstract

Resource allocation is fundamental function of cloud computing. Different auction models offer a variety of market driven resource allocation mechanisms. This paper studies auction based resource allocation for cloud computing. First, a framework of auction based resource allocation is presented for cloud computing, and the main issues are also discussed in the design of auction based resource allocation mechanisms. Then, an overview is presented upon the state-of-the-art of auction based resource allocation in cloud computing.