Cloud Customer's Historical Record Based Resource Pricing

Abstract

Media content in its digital form has been rapidly scaling up, resulting in popularity gain of cloud computing. Cloud computing makes it easy to manage the vastly increasing digital content. Moreover, additional features like, omnipresent access, further service creation, discovery of services, and resource management also play an important role in this regard. The forthcoming era is interoperability of multiple clouds, known as cloud federation or inter-cloud computing. With cloud federation, services would be provided through two or more clouds. Once matured and standardized, inter-cloud computing is supposed to provide services which would be more scalable, better managed, and efficient. Such tasks are provided through a middleware entity called cloud broker. A broker is responsible for reserving resources, managing them, discovering services according to customer's demands, Service Level Agreement (SLA) negotiation, and match-making between the involved service provider and the customer. So far existing studies discuss brokerage in a narrow focused way. In the research outcome presented in this paper, we provide a holistic brokerage model to manage on-demand and advance service reservation, pricing, and reimbursement. A unique feature of this study is that we have considered dynamic management of customer's characteristics and historical record in evaluating the economics related factors. Additionally, a mechanism of incentive and penalties is provided, which helps in trust build-up for the customers and service providers, prevention of resource underutilization, and profit gain for the involved entities. For practical implications, the framework is modeled on Amazon Elastic Compute Cloud (EC2) On-Demand and Reserved Instances service pricing. For certain features required in the model, data was gathered from Google Cluster trace.