Abstract
Group Based Resource Management and Pricing Model in Cloud Computing
Highlights
Cloud computing is a pool of virtual machines with underlying datacenters or physical machines providing various kinds of agile and effective services to the user in a form of virtualization ofevery kind of computing services from infrastructure to software[1] [2].With the development inInternet uses of Internet enabled devices are increasing day by day the number of IoTenabled devices have already outnumbered total human population[3]
As a result the requirement of efficient management procedures for handling such large datacenters are becoming a topic of interest to the researchers.Current research works mostly aims at better service provisioning to the userand improving system performance with only some specific works
Regarding economic and costing model.These models deal with the resource management in cloud computing which assuresefficient resource management that ensures maximization of profit for the provider.As Both userand providers play important role in shaping of cloud computing with clear and distinct promisingfeatures, resource management procedure that holds the end of the bargain for both users andproviders are important
Summary
Cloud computing is a pool of virtual machines with underlying datacenters or physical machines providing various kinds of agile and effective services to the user in a form of virtualization ofevery kind of computing services from infrastructure to software[1] [2].With the development inInternet uses of Internet enabled devices are increasing day by day the number of IoTenabled devices have already outnumbered total human population[3] This results in more generation of large scale data which requires faster processing and faster task response.Thereforemore devices are getting connected to the cloud as these devices are limited to storage andprocessing power. with the increase in users cloud service providers are more complied to use larger and powerful datacenters as investments were done by many telecommunication companies in order to satisfy their growing customer requirements and avoiding any SLAviolation[4].These datacenters are equipped with powerful hardware and connected with highbandwidth networksand managed with software resources. On the other hand variable cost is not constant , itvaries according to the number of sales produced by the service such as energy, bandwidth,costof transferring data between different datacenters and so on.Providers use cost based pricing forlarge scale datacenters to calculate the cost for a service for the incoming users tasks requests[7]
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