Pricing Cloud Compute Commodities: A Novel Financial Economic Model

@article{Sharma2012PricingCC,
  title={Pricing Cloud Compute Commodities: A Novel Financial Economic Model},
  author={Bhanu Sharma and Ruppa K. Thulasiram and Parimala Thulasiraman and Saurabh Kumar Garg and Rajkumar Buyya},
  journal={2012 12th IEEE/ACM International Symposium on Cluster, Cloud and Grid Computing (ccgrid 2012)},
  year={2012},
  pages={451-457}
}
In this study, we design, develop, and simulate a cloud resources pricing model that satisfies two important constraints: the dynamic ability of the model to provide a high satisfaction guarantee measured as Quality of Service (QoS) - from users perspectives, profitability constraints - from the cloud service providers perspectives We employ financial option theory and treat the cloud resources as underlying assets to capture the realistic value of the cloud compute commodities (C3). We then… CONTINUE READING
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