A Cost-Based Resource Scheduling Paradigm in Cloud Computing

Infrastructure as a Service (IaaS) is the most common and fundamental type of cloud computing. It provides on-demand rent and access to virtual machine and storage. In this type of cloud computing, infrastructure service suppliers and users form a resource market. In this paper, we present a cost-based resource scheduling paradigm in cloud computing by leveraging market theory to schedule compute resources to meet user´s requirement. The set of computing resources with the lowest price are assigned to the user according to current suppliers´ resource availability and price. We design an algorithm and protocol for cost-based cloud resource scheduling. This scheduling paradigm is implemented and evaluated in Java Cloud ware, the pure Java based private cloud platform.