Analysis of Economic Models for Cloud Computing Resource Management

Abstract

In cloud settings, it is a hard task to manage resources, design applications, and create use models. This is because several organizations hold resources that are spread out across multiple locations. Owners of various resources have diverse regulations about their use or access, as well as varied payment structures, loads, and availability. There are a plethora of economic models that attempt to allocate resources and control supply and demand in cloud computing settings in an effort to tackle difficult resource management problems. Several cloud computing economic models have been compared in this research.