Enabling Cloud Service Reservation with Derivatives and Yield Management

Since the cloud computing advent a few years ago this paradigm has proved itself to be extremely successive in the industrial sector. IT and business managers agree that this form of highly-dynamic provision of IT services will play a major role in the IT world during the next decades. Several business models have already been developed and implemented, including also dynamic pricing schemes. Given that, we analyze in this work two distinct reservation system approaches from related areas and how they can be applied to the cloud computing scenario. We state the different requirements and set up a realistic implementable model in order to enable cloud vendors to improve their revenues.