Cloud computing faces two business-related issues. First, the management of clouds requires not only technical skills but also the understanding of the business side of these systems. Traditional distributed systems research did not require this understanding, simply assuming that all components...

Cloud computing markets face challenges, such as a large variety of different resource types in the market. A large variety of resource types results in a low number of matches of ask and bids. Consequently, the market has a low liquidity, which is economically inefficient and can lead to market...

Can education problems in poor countries be successfully addressed using knowledge economics? The old development model posits that poor countries must follow the route of richer countries, progressing up a scale of development. But an emerging theory of development and collective adaptive...

IP/MPLS service providers rely on transport networks to provide bandwidth on demand with the lowest possible provisioning time. However, due to the static nature of transport networks and the differences in the communication languages and switching systems, the IP/MPLS and transport network...

In this paper, we present an agent-based simulation system that allows modeling the interactions between software buyers and vendors in a software market. The market offers Software-as-a-Service (SaaS) and perpetual software (PS) licenses under different pricing schemes. Four dynamic pricing...

Low liquidity of cloud markets can result in market instability and inefficiency, preventing the successful implementation of ubiquitous computing on demand. To circumvent this issue, it has been suggested to channel demand and supply into a limited number of standardized services. These...

The increasing demand for bandwidth and the error-prone, costly, and long-lasting service provisioning process force carriers to find new ways of automatic service provisioning. Despite the introduction of numerous path computation procedures, suitable for WDM-technology-based networks, very few...

Cloud computing is supposed to offer resources (i.e., data, software, and hardware services) in a manner similar to traditional utilities such as water, electricity, gas, and telephony. However, the current Cloud market is fragmented and static, preventing the successful implementation of...

Service markets allow users to discover, purchase, and utilize services offered on a specific platform. As service platforms grow in number of users and variety of offerings, it raises the question of whether this phenomenon continues to benefit users. Based on a literature review, the paper...

IT service businesses can achieve economies of scale and scope faster than in traditional product businesses. In particular, as IT service platforms will become the founding infrastructure of our economies, the analysis and understanding of the value that a service platform can generate is of...