Book ChapterDOI
Decisions, Models and Opportunities in Cloud Computing Economics: A Review of Research on Pricing and Markets
Sowmya Karunakaran,Venkataraghavan Krishnaswamy,Rangaraja P. Sundarraj +2 more
- Vol. 177, pp 85-99
Reads0
Chats0
TLDR
A detailed review of the application of decision models in the context of cloud economics, with a specific focus on pricing and markets is provided, finding cloud economics to be the most widely researched business aspect.Abstract:
Cloud computing has emerged as a key information technology and systems model over the last few years. Major organizations have developed and delivered cloud computing solutions and continue to do so. Consequently, a number of strides were made in the advancement of technology leading to a growth in the adoption of cloud computing. The growing recognition of cloud computing services necessitates a focus on the business aspects of cloud. However, we feel that research in this area is scant. To this effect, we performed a systematic review of cloud computing literature and reviewed 2891 abstracts and 157 articles published until the year 2012. Based on the findings of the review, we establish a framework for organising the extant research on cloud business aspects. Using the framework, we find cloud economics to be the most widely researched business aspect. In this paper, we provide a detailed review of the application of decision models in the context of cloud economics, with a specific focus on pricing and markets. The proposed framework and review results serve as a reference to IS researchers and practitioners to understand decision situations, models and opportunities.read more
Citations
More filters
Journal ArticleDOI
Pricing strategy for cloud computing
TL;DR: This research is the first to propose the damaged services perspective as an analogy for damaged goods in the cloud software market and shows that a hybrid strategy is shown to outperform a one-service-only strategy in most cases.
Journal ArticleDOI
A QoS-driven approach for cloud computing addressing attributes of performance and security
Bruno G. Batista,Carlos Henrique Gomes Ferreira,Danilo Costa Marim Segura,Dionisio Machado Leite Filho,Maycon L. M. Peixoto +4 more
TL;DR: This paper defined QoS-driven approaches for cloud environments on the basis of the results of a performance evaluation of a service in which different security mechanisms are employed, and showed that in a cloud environment, it is possible to maintain the performance of the service even with the overhead imposed by the security mechanisms, through an alteration in the virtualized computational resources.
Journal ArticleDOI
OptiSpot: minimizing application deployment cost using spot cloud resources
Daniel J. Dubois,Giuliano Casale +1 more
TL;DR: OptiSpot, a heuristic to automate application deployment decisions on cloud providers that offer the spot pricing model, is proposed and the performance of the heuristic method is compared to that of nonlinear programming and shown to markedly accelerate the finding of low-cost optimal solutions.
Journal ArticleDOI
Experimental Evidence on Decision-Making in Availability Service Level Agreements
Ulrik Franke,Markus Buschle +1 more
TL;DR: The main result is that enterprise IT professionals fail to maximize expected value when procuring availability SLAs, and more extensive use of decision-support systems might be called for in order to facilitate proper risk management.
Proceedings ArticleDOI
Autonomic Provisioning and Application Mapping on Spot Cloud Resources
Daniel J. Dubois,Giuliano Casale +1 more
TL;DR: This paper proposes a heuristic to automate the decision on which and how many resources to rent in order to run a cloud application, and how to map the application components to the rented resources, and finds low cost solutions that indeed guarantee the required levels of performance.
References
More filters
Journal ArticleDOI
Cloud computing and emerging IT platforms: Vision, hype, and reality for delivering computing as the 5th utility
TL;DR: This paper defines Cloud computing and provides the architecture for creating Clouds with market-oriented resource allocation by leveraging technologies such as Virtual Machines (VMs), and provides insights on market-based resource management strategies that encompass both customer-driven service management and computational risk management to sustain Service Level Agreement (SLA) oriented resource allocation.
Journal ArticleDOI
Cloud computing: state-of-the-art and research challenges
Qi Zhang,Lu Cheng,Raouf Boutaba +2 more
TL;DR: A survey of cloud computing is presented, highlighting its key concepts, architectural principles, state-of-the-art implementation as well as research challenges to provide a better understanding of the design challenges of cloud Computing and identify important research directions in this increasingly important area.
Journal ArticleDOI
Cloud computing - The business perspective
TL;DR: The strengths, weaknesses, opportunities and threats for the cloud computing industry are identified and some of the key issues facing governmental agencies who will have to become intimately involved in the regulation of cloud computing are outlined.
Journal ArticleDOI
Multi-criteria decision making approaches for supplier evaluation and selection: A literature review
TL;DR: Evidence is provided that the multi-criteria decision making approaches are better than the traditional cost-based approach, but also aids the researchers and decision makers in applying the approaches effectively.
Journal ArticleDOI
Some Computer Organizations and Their Effectiveness
TL;DR: A hierarchical model of computer organizations is developed, based on a tree model using request/service type resources as nodes, which indicates that saturation develops when the fraction of task time spent locked out approaches 1/n, where n is the number of processors.
Related Papers (5)
Characteristics of Cloud Computing in the Business Context: A Systematic Literature Review
Mark Stieninger,Dietmar Nedbal +1 more