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In classical databases, query performance is casually achieved through physical data structures such as caches, indexes and materialized views. In this context, many cost models help select a "best set" of such data structures. However, this selection task becomes more complex in the cloud. The criterion to optimize is indeed at least two-dimensional, with the monetary cost of using the cloud balancing query response time. Thus, we define in this paper new cost models that fit into the pay-as-you-go paradigm of cloud computing. These cost models help achieve a multi-criteria optimization of the view materialization vs. CPU power consumption problem, under budget constraints. Finally, we present experimental results that provide a first validation of our contribution and show that cloud view materialization is always desirable.