Energy-aware dynamic pricing model for cloud environments

Energy consumption is a critical operational cost for Cloud providers. However, as commercial providers typically use fixed pricing schemes that are oblivious about the energy costs of running virtual machines, clients are not charged according to their actual energy impact. Some works have proposed energy-aware cost models that are able to capture each client’s real energy usage. However, those models cannot be naturally used for pricing Cloud services, as the energy cost is calculated after the termination of the service, and it depends on decisions taken by the provider, such as the actual placement of the client’s virtual machines. For those reasons, a client cannot estimate in advance how much it will pay. This paper presents a pricing model for virtualized Cloud providers that dynamically derives the energy costs per allocation unit and per work unit for each time period. They account for the energy costs of the provider’s static and dynamic energy consumption by sharing out them according to the virtual resource allocation and the real resource usage of running virtual machines for the corresponding time period. Newly arrived clients during that period can use these costs as a baseline to calculate their expenses in advance as a function of the number of requested allocation and work units. Our results show that providers can get comparable revenue to traditional pricing schemes, while offering to the clients more proportional prices than fixed-price models.Peer ReviewedPostprint (author's final draft

Energy-based Cost Model of Virtual Machines in a Cloud Environment

The cost mechanisms employed by different service providers significantly influence the role of cloud computing within the IT industry. With the increasing cost of electricity, Cloud providers consider power consumption as one of the major cost factors to be maintained within their infrastructures. Consequently, modelling a new cost mechanism for Cloud services that can be adjusted to the actual energy costs has attracted the attention of many researchers. This paper introduces an Energy-based Cost Model that considers energy consumption as a key parameter with respect to the actual resource usage and the total cost of the Virtual Machines (VMs). A series of experiments conducted on a Cloud testbed show that this model is capable of estimating the actual cost for heterogeneous VMs based on their resource usage with consideration of their energy consumption