Adaptive and Resilient Revenue Maximizing Dynamic Resource Allocation and Pricing for Cloud-Enabled IoT Systems

Muhammad Junaid Farooq, Quanyan Zhu

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Cloud computing is becoming an essential component in the emerging Internet of Things (IoT) paradigm. The available resources at the cloud such as computing nodes, storage, databases, etc. are often packaged in the form of virtual machines (VMs) to be used by remotely located IoT client applications for computational tasks. However, the cloud has a limited number of VMs available and hence, for massive IoT systems, the available resources must be efficiently utilized to increase productivity and subsequently maximize revenue of the cloud service provider (CSP). IoT client applications generate requests with computational tasks at random times with random complexity to be processed by the cloud. The CSP has to decide whether to allocate a VM to a task at hand or to wait for a higher complexity task in the future. We propose a threshold-based mechanism to optimally decide the allocation and pricing of VMs to sequentially arriving requests in order to maximize the revenue of the CSP over a finite time horizon. Moreover, we develop an adaptive and resilient framework that can counter the effect of realtime changes in the number of available VMs at the cloud server, the frequency and nature of arriving tasks on the revenue of the CSP.

Original languageEnglish (US)
Title of host publication2018 Annual American Control Conference, ACC 2018
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages5292-5297
Number of pages6
ISBN (Print)9781538654286
DOIs
StatePublished - Aug 9 2018
Event2018 Annual American Control Conference, ACC 2018 - Milwauke, United States
Duration: Jun 27 2018Jun 29 2018

Publication series

NameProceedings of the American Control Conference
Volume2018-June
ISSN (Print)0743-1619

Other

Other2018 Annual American Control Conference, ACC 2018
CountryUnited States
CityMilwauke
Period6/27/186/29/18

ASJC Scopus subject areas

  • Electrical and Electronic Engineering

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    Farooq, M. J., & Zhu, Q. (2018). Adaptive and Resilient Revenue Maximizing Dynamic Resource Allocation and Pricing for Cloud-Enabled IoT Systems. In 2018 Annual American Control Conference, ACC 2018 (pp. 5292-5297). [8430776] (Proceedings of the American Control Conference; Vol. 2018-June). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.23919/ACC.2018.8430776