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Cluster Computing and the Grid, IEEE International Symposium on (2008)
May 19, 2008 to May 22, 2008
ISBN: 978-0-7695-3156-4
pp: 267-276
ABSTRACT
Advance reservation allows users to request available nodes in the future, whereas economy provides an incentive for resource owners to be part of the Grid, and encourages users to utilize resources optimally and effectively. In this paper, we use overbooking models from Revenue Management to manage cancellations and no-shows of reservations in a Grid system. Without overbooking, the resource owners are faced with a prospect of loss of income and lower system utilization. Thus, the models aim to find an ideal limit that exceeds the maximum capacity, without incurring greater compensation cost. Moreover, we introduce several novel strategies for selecting which bookings to deny, based on compensation cost and user class level, namely Lottery, Denied Cost First (DCF), and Lower Class DCF. The result shows that by overbooking reservations, a resource gains an extra 6-9% in the total net revenue.
INDEX TERMS
overbooking, advance reservation, revenue management, grid
CITATION

R. Buyya, K. H. Kim and A. Sulistio, "Managing Cancellations and No-Shows of Reservations with Overbooking to Increase Resource Revenue," 2008 8th International Symposium on Cluster Computing and the Grid (CCGRID '08)(CCGRID), Lyon, 2008, pp. 267-276.
doi:10.1109/CCGRID.2008.65
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