Auction based Resource Allocation Strategy for Infrastructure as a service

The cloud providers provide various computational resources like CPU power, memory, bandwidth to the users through Virtual Machines (VM). Various VMs differ in their resource capacity. Each cloud provider has a set of VMs which are available to users at different prices. Providers have a limited set of resources. Therefore, it is necessary to efficiently allocate available resources to the rational users and minimize the cost of resources as to gain maximum profit from the available resources. Resource allocation is one of the most challenging issues in resource management for both cloud and grid computing. In this paper, a Vickrey-Clarke-Groves (VCG) auction based approach is presented to deal with the problem of resource allocation at Iaas layer of cloud among rational users and to incentivize selfish providers. The proposed mechanism efficiently allocates resources and calculate payment and also achieves social benefit among the users. Experimental analysis proves the effectiveness of the system.