Cost models - pillars for efficient cloud computing: position paper

Authors:
Catalin Negru;Valentin Cristea
Affiliations:
Faculty of Automatic Control and Computer Science, University POLITHEHNICA of Bucharest, Splaiul Independentei nr. 313, sector 6, Bucuresti RO-060042, Romania;Faculty of Automatic Control and Computer Science, University POLITHEHNICA of Bucharest, Splaiul Independentei nr. 313, sector 6, Bucuresti RO-060042, Romania
Venue:
International Journal of Intelligent Systems Technologies and Applications
Year:
2013

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Abstract

Cost models are fundamental building blocks for cloud computing. Cloud providers offer a very wide portfolio of services, while Cloud clients access them against some financial arrangement. There is a fundamental trade-off between what Cloud provider can offer in terms of resources software or hardware, services e.g., storage, e-mail cost and what Cloud clients are willing to pay. The Cloud cost models today are distinct based on service models: Infrastructure as a Service IaaS, Platform as a Service PaaS and Software as a Service SaaS. The need to forecast the cost over a period of time imposes building of cost models, which have to be accurate and error free. In this paper, we make a survey and analyse existing cost models in cloud computing and discuss open issues related to the subject.