Optimal Pricing for the Competitive and Evolutionary Cloud Market

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Provided by: International Joint Conferences on Artificial Intelligence (IJCAI)
Topic: Cloud
Format: PDF
In this paper, the authors study the problem of how to optimize a cloud service provider's pricing policy so as to better compete with other providers. Different from previous work, they take both the evolution of the market and the competition between multiple cloud providers into consideration while optimizing the pricing strategy for the provider. Inspired by the real situations in today's cloud market, they consider a situation in which there is only one provider who actively optimizes his/her pricing policy, while other providers adopt a follow-up policy to match his/her price cut.
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