This paper investigates the extent to which rural households in developing countries are able to smooth consumption, using a model of full risk sharing, in which participating households have different risk and time preferences. A resulting rule of resource allocation is characterized in an intuitive way, clarifying the effects of diverse preferences. Empirical models are applied to a household...

In this paper, we model the optimisation of the resource allocation in cloud computing as a constraint satisfaction problem considering three types of resources (CPU, RAM and bandwidth) and design a Choco-Based algorithm (CB) for VM resource allocation in virtualised cloud data centres. We also propose an Improved First-Fit Decreasing Algorithm (IFFD) and an Improved Best-Fit Decreasing Algorit...