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Facing Price Risks in Internet-of-Services Markets

Title data

Matros, Raimund ; Streitberger, Werner ; König, Stefan ; Eymann, Torsten:
Facing Price Risks in Internet-of-Services Markets.
In: Neumann, Dirk ; Baker, Mark ; Altmann, Jörn ; Rana, Omer F. (Hrsg.): Economic models and algorithms for distributed systems. - Basel : Birkhäuser , 2010 . - pp. 257-269
ISBN 978-3-7643-8896-6

Official URL: Volltext

Abstract in another language

Internet-of-Services markets allow companies to procure computational resources and application services externally and thus to save both internal capital expenditures and operational costs. Despite the advantages of this new paradigm only few work has been done in the field of risk management concerning Internet-of-Services markets. We simulate such a market using a Grid simulator. The results show that market participants are exposed to price risk. Based on our results we identify and assess technical failures which could lead to loss on service consumer's side. We also show that technical failures inuence service prices which lead to volatile prices. Both, service provider and service consumer are exposed to this uncertainty and need a way to face it. Therefore we apply a financial option model to overcome price risk.

Further data

Item Type: Article in a book
Refereed: Yes
Institutions of the University: Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration VII
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration VII > Chair Business Administration VII - Univ.-Prof. Dr. Torsten Eymann
Faculties
Result of work at the UBT: Yes
DDC Subjects: 000 Computer Science, information, general works
000 Computer Science, information, general works > 000 Generalities, Science
300 Social sciences > 330 Economics
Date Deposited: 15 Sep 2014 06:45
Last Modified: 29 Sep 2014 09:44
URI: https://eref.uni-bayreuth.de/id/eprint/1056