Article in Journal ART-2007-13

BibliographyGünther, Oliver; Tamm, Gerrit; Leymann, Frank: Pricing Web Services.
In: International Journal Business Process Integration and Management. Vol. 2(2).
University of Stuttgart, Faculty of Computer Science, Electrical Engineering, and Information Technology.
pp. 132-140, english.
Inderscience Publishers, April 2007.
ISSN: 1741-8771; DOI: 10.1504/IJBPIM.2007.015137.
Article in Journal.
CR-SchemaH.4.1 (Office Automation)
K.1 (The Computer Industry)
Keywordsweb services; pricing; composition; web-based; service-oriented architectures; SOAs
Abstract

This paper focuses on the challenges associated with composing and pricing web services. We present the results of an online experiment, where subjects were confronted with a variety of choices and decisions relating to web service markets and service composition. Our analysis shows that people expect the price of a composite web service to be lower than the sum of the prices of the elementary services, that is, users are not willing to pay for aggregation by a third party. To obtain a viable business model for composite web services, non-standard pricing mechanisms, such as auctions and negotiations, possibly supported by electronic agents, have to be taken into consideration. Usage-based pricing schemes, combined with an option to switch to a flat subscription, seem most appropriate to penetrate the developing market for web services.

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Department(s)University of Stuttgart, Institute of Architecture of Application Systems, Architecture of Application Systems
Entry dateMay 2, 2008
   Publ. Department   Publ. Institute   Publ. Computer Science