Title :
A Consumer-Provider Cloud Cost Model Considering Variable Cost
Author :
Mach, Werner ; Schikuta, Erich
Author_Institution :
Res. Group Workflow Syst. & Technol., Univ. of Vienna, Vienna, Austria
Abstract :
This paper represents an analytical economic cost model for cloud computing aiming at comprising all kinds of cost of a commercial environment. To extend conventional state-of- the-art models considering only fixed cost, we developed a concise, but comprehensive analytical model which does not only include fixed cost, but also variable cost allowing for the development and evaluation of business strategies for cloud environments. These strategies can be used for both, cloud providers and cloud consumers. The major goal of our model is to comprise all important economic fundamentals and methods. Thus, this new model supports the decision-making process to be applied with business cases and enables cloud consumers and cloud providers to determine their own business strategies and to analyze the respective impact on their business. Based on this model, the energy efficiency of cloud systems can also be evaluated according to chosen business models.
Keywords :
business data processing; cloud computing; costing; analytical economic cost model; business cases; business models; business strategies; cloud computing; cloud systems; consumer-provider cloud cost model; decision-making process; economic fundamentals; economic methods; energy efficiency; fixed cost; variable cost; Business; Computational modeling; Economics; Hard disks; Power demand; Production; Servers; business strategies; cloud computing; cloud consumer; cloud provider; cost model;
Conference_Titel :
Dependable, Autonomic and Secure Computing (DASC), 2011 IEEE Ninth International Conference on
Conference_Location :
Sydney, NSW
Print_ISBN :
978-1-4673-0006-3
DOI :
10.1109/DASC.2011.113