Stochastic Cost Optimization of 2-Stage Resource Provisioning
Keywords:
Cloud computing, stochastic optimization, resource provisioning, pot pricingAbstract
As Cloud Computing is a pay-as-you-go model, it offers huge computational resources available for users. Due to uncertainty of demand price in future. Cloud Consumer-facing difficulty to get these resources in a cost-effective & robust manner. In addition to that, heterogeneity in pricing plans is another complexity. Hence, to address this problem we are considering two-stage stochastic programming with 3 pricing models, viz Reservation, On-demand & Spot pricing. This model gives optimal solutions compared to other existing models.
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Copyright (c) 2022 Konatham Sumalatha, Anbarasi M S
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