Institute of Electrical & Electronic Engineers
Web service failures or degradations directly cause operational inefficiencies and financial losses in Web Service-based Business Processes (WSBP). In today's competitive Web service market a considerable number of functionally similar Web services offered by different providers are differentiated by competitive QoS levels and pricing structures. Consequently, dynamic and optimal web service selection is a significant challenge to business organizations which run such WSBPs. Having a cost-effective and efficient web service selection approach is becoming an important necessity for such organizations.