An Extensive Exploration of Techniques for Resource and Cost Management in Contemporary Cloud Computing Environments

Resource and cost optimization techniques in cloud computing environments target minimizing expenditure while ensuring efficient resource utilization. This study categorizes these techniques into three primary groups: Cloud and VM-focused strategies, Workflow techniques, and Resource Utilization and Efficiency techniques. Cloud and VM-focused strategies predominantly concentrate on the allocation, scheduling, and optimization of resources within cloud environments, particularly virtual machines. These strategies aim at a balance between cost reduction and adhering to specified deadlines, while ensuring scalability and adaptability to different cloud models. However, they may introduce complexities due to their dynamic nature and continuous optimization requirements. Workflow techniques emphasize the optimal execution of tasks in distributed systems. They address inconsistencies in Quality of Service (QoS) and seek to enhance the reservation process and task scheduling. By employing models, such as Integer Linear Programming, these techniques offer precision. But they might be computationally demanding, especially for extensive problems. Techniques focusing on Resource Utilization and Efficiency attempts to maximize the use of available resources in an energy-efficient and cost-effective manner. Considering factors like current energy levels and application requirements, these models aim to optimize performance without overshooting budgets. However, a continuous monitoring mechanism might be necessary, which can introduce additional complexities