Optimizing Cloud Broker Profitability through Advanced Cloud Computing Techniques

Abstract

Cloud computing has gained significant traction as an efficient solution for delivering on-demand computing resources and services. For cloud service providers, ensuring profitability while maintaining service quality is crucial. However, the prevalent single long-term renting approach often results in compromised service quality and substantial resource wastage. To address this, our paper proposes a pioneering double resource renting scheme that integrates short-term and long-term renting. This innovative approach not only guarantees optimal service quality for all requests but also significantly minimizes resource wastage. We adopt an M/M/m+D queuing model to analyse the performance indicators affecting the profitability of our double renting scheme, including the average charge and the ratio of requests necessitating temporary servers. By formulating a profit maximization problem tailored to the double renting scheme, we derive an optimized cloud platform configuration. Comparative calculations between our proposed scheme and the traditional single renting scheme demonstrate that our approach not only ensures superior service quality for all requests but also yields increased profitability. Key Words- Cloud computing, Double resource renting, Service quality, M/M/m+D queuing model, Performance indicators, Profit maximization, Short-term renting, Long-term renting.