A Hedonic Price Index for Cloud Computing Services

Persefoni Mitropoulou, Evangelia FIliopoulou, Stavroula Tsaroucha, Christos Michalakelis, Mara Nikolaidou

Abstract

Cloud computing is an innovative business model, being developed at a fast pace during the last years, offering many operational and economic benefits to both the demand and the supply side of the ICT market. Infrastructure as a Service (IaaS), which includes control of fundamental computing resources, is expected to be the fastest growing model of public cloud computing. Due to the existence of several IaaS cloud providers, there is increased competition among cloud companies, which develop different pricing models in order to meet the market demand. As a consequence, prices for cloud services are a result of a multidimensional function, shaped by the service’s characteristics. The development of a suitable pricing method, based on an appropriate price index able to capture the market dynamics, is an obvious necessity. The aim of this paper is the construction of such a price index, for the IaaS model, using data from a wide range of cloud providers and a large number of price bundles. The hedonic pricing method is used to decompose cloud computing services into their constituent characteristics, obtaining estimates of the contributory value of each resource. According to the results, RAM size, CPU power and subscription turned out to be the most influential factors that shape IaaS pricing.

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Paper Citation


in Harvard Style

Mitropoulou P., FIliopoulou E., Tsaroucha S., Michalakelis C. and Nikolaidou M. (2015). A Hedonic Price Index for Cloud Computing Services . In Proceedings of the 5th International Conference on Cloud Computing and Services Science - Volume 1: CLOSER, ISBN 978-989-758-104-5, pages 499-505. DOI: 10.5220/0005410604990505


in Bibtex Style

@conference{closer15,
author={Persefoni Mitropoulou and Evangelia FIliopoulou and Stavroula Tsaroucha and Christos Michalakelis and Mara Nikolaidou},
title={A Hedonic Price Index for Cloud Computing Services},
booktitle={Proceedings of the 5th International Conference on Cloud Computing and Services Science - Volume 1: CLOSER,},
year={2015},
pages={499-505},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0005410604990505},
isbn={978-989-758-104-5},
}


in EndNote Style

TY - CONF
JO - Proceedings of the 5th International Conference on Cloud Computing and Services Science - Volume 1: CLOSER,
TI - A Hedonic Price Index for Cloud Computing Services
SN - 978-989-758-104-5
AU - Mitropoulou P.
AU - FIliopoulou E.
AU - Tsaroucha S.
AU - Michalakelis C.
AU - Nikolaidou M.
PY - 2015
SP - 499
EP - 505
DO - 10.5220/0005410604990505