Economic Models for Managing Cloud Services

Economic Models for Managing Cloud Services
Author: Sajib Mistry
Publisher: Springer
Total Pages: 154
Release: 2018-02-10
Genre: Computers
ISBN: 3319738763

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The authors introduce both the quantitative and qualitative economic models as optimization tools for the selection of long-term cloud service requests. The economic models fit almost intuitively in the way business is usually done and maximize the profit of a cloud provider for a long-term period. The authors propose a new multivariate Hidden Markov and Autoregressive Integrated Moving Average (HMM-ARIMA) model to predict various patterns of runtime resource utilization. A heuristic-based Integer Linear Programming (ILP) optimization approach is developed to maximize the runtime resource utilization. It deploys a Dynamic Bayesian Network (DBN) to model the dynamic pricing and long-term operating cost. A new Hybrid Adaptive Genetic Algorithm (HAGA) is proposed that optimizes a non-linear profit function periodically to address the stochastic arrival of requests. Next, the authors explore the Temporal Conditional Preference Network (TempCP-Net) as the qualitative economic model to represent the high-level IaaS business strategies. The temporal qualitative preferences are indexed in a multidimensional k-d tree to efficiently compute the preference ranking at runtime. A three-dimensional Q-learning approach is developed to find an optimal qualitative composition using statistical analysis on historical request patterns. Finally, the authors propose a new multivariate approach to predict future Quality of Service (QoS) performances of peer service providers to efficiently configure a TempCP-Net. It discusses the experimental results and evaluates the efficiency of the proposed composition framework using Google Cluster data, real-world QoS data, and synthetic data. It also explores the significance of the proposed approach in creating an economically viable and stable cloud market. This book can be utilized as a useful reference to anyone who is interested in theory, practice, and application of economic models in cloud computing. This book will be an invaluable guide for small and medium entrepreneurs who have invested or plan to invest in cloud infrastructures and services. Overall, this book is suitable for a wide audience that includes students, researchers, and practitioners studying or working in service-oriented computing and cloud computing.

Economic Models and Algorithms for Distributed Systems

Economic Models and Algorithms for Distributed Systems
Author: Dirk Neumann
Publisher: Springer Science & Business Media
Total Pages: 263
Release: 2010-02-13
Genre: Computers
ISBN: 3764388994

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Distributed computing paradigms for sharing resources such as Clouds, Grids, Peer-to-Peer systems, or voluntary computing are becoming increasingly popular. While there are some success stories such as PlanetLab, OneLab, BOINC, BitTorrent, and SETI@home, a widespread use of these technologies for business applications has not yet been achieved. In a business environment, mechanisms are needed to provide incentives to potential users for participating in such networks. These mechanisms may range from simple non-monetary access rights, monetary payments to specific policies for sharing. Although a few models for a framework have been discussed (in the general area of a "Grid Economy"), none of these models has yet been realised in practice. This book attempts to fill this gap by discussing the reasons for such limited take-up and exploring incentive mechanisms for resource sharing in distributed systems. The purpose of this book is to identify research challenges in successfully using and deploying resource sharing strategies in open-source and commercial distributed systems.

Economics of Grids, Clouds, Systems, and Services

Economics of Grids, Clouds, Systems, and Services
Author: Kurt Vanmechelen
Publisher: Springer
Total Pages: 209
Release: 2012-03-05
Genre: Computers
ISBN: 3642286755

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This book constitutes the refereed post-proceedings of the 8th International Workshop on Economics of Grids, Clouds, Systems, and Services, GECON 2011, held in Paphos, Cyprus, in December 2011. The 9 revised full papers presented together with 5 work in progress papers were carefully reviewed and selected from 27 papers. The papers are organized in topical sections on market mechanisms and negotiation; cost models, charging, and trading platforms; resource allocation, scheduling, and admission control; and two work in progress sections: risk assessment and economics of cloud services; and cost-aware adoption of cloud services.

Measuring the Business Value of Cloud Computing

Measuring the Business Value of Cloud Computing
Author: Theo Lynn
Publisher: Springer Nature
Total Pages: 125
Release: 2020-08-27
Genre: Business & Economics
ISBN: 3030431983

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The importance of demonstrating the value achieved from IT investments is long established in the Computer Science (CS) and Information Systems (IS) literature. However, emerging technologies such as the ever-changing complex area of cloud computing present new challenges and opportunities for demonstrating how IT investments lead to business value. Recent reviews of extant literature highlights the need for multi-disciplinary research. This research should explore and further develops the conceptualization of value in cloud computing research. In addition, there is a need for research which investigates how IT value manifests itself across the chain of service provision and in inter-organizational scenarios. This open access book will review the state of the art from an IS, Computer Science and Accounting perspective, will introduce and discuss the main techniques for measuring business value for cloud computing in a variety of scenarios, and illustrate these with mini-case studies.

Internet Economics: Models, Mechanisms and Management

Internet Economics: Models, Mechanisms and Management
Author: Hans W. Gottinger
Publisher: Bentham Science Publishers
Total Pages: 222
Release: 2017-08-28
Genre: Business & Economics
ISBN: 1681085461

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The internet represents a rapidly evolving set of technologies which is central to the development of a modern economy. Internet Economics: Models, Mechanisms and Management integrates knowledge about internet service design with economic modelling principles (pricing, cost and service models). Chapters highlight specific applications of the internet such as service provisioning, cloud computing, commerce, business security, network externalities, social media and more recent developments such as the Internet of Things (IoT), the industrial internet, data analytics and the use of big data to bring value to commercial ventures. Therefore, readers will have a conceptual and practical framework for understanding the economics of internet infrastructure and service delivery.

Economics of Grids, Clouds, Systems, and Services

Economics of Grids, Clouds, Systems, and Services
Author: Kurt Vanmechelen
Publisher: Springer
Total Pages: 258
Release: 2012-11-28
Genre: Computers
ISBN: 3642351948

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This book constitutes the refereed proceedings of the 9th International Workshop on Economics of Grids, Clouds, Systems, and Services, GECON 2012, held in Berlin, Germany, in November 2012. The 12 revised full papers presented together with 6 work in progress papers were carefully reviewed and selected from more than 36 submissions. The papers are organized in the following topical sections: market mechanisms, pricing and negotiation; resource allocation, scheduling and admission control; work in progress on tools and techniques for cost-efficient service selection; market modeling; trust; cloud computing in education; and work in progress on cloud adoption and business models.

Cloud FinOps

Cloud FinOps
Author: J.R. Storment
Publisher: "O'Reilly Media, Inc."
Total Pages: 294
Release: 2019-12-12
Genre: Computers
ISBN: 1492054577

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Despite many uncertainties in cloud computing, one truth is evident: costs will always tend to go up unless you’re actively engaged in the process. Whether you’re new to managing cloud spend or a seasoned pro, this book will clarify the often misunderstood workings of cloud billing fundamentals and provide expert strategies on creating a culture of cloud cost management in your organization. Drawing on real-world examples of successes and failures of large-scale cloud spenders, this book outlines a road map for building a culture of FinOps in your organization. Beginning with the fundamental concepts required to understand cloud billing concepts, you’ll learn how to enable an efficient and effective FinOps machine. Learn how the cloud works when it comes to financial management Set up a FinOps team and build a framework for making spend efficiency a priority Examine the anatomy of a cloud bill and learn how to manage it Get operational recipes for maximizing cloud efficiency Understand how to motivate engineering teams to take cost-saving actions Explore the FinOps lifecycle: Inform, Optimize, and Operate Learn the DNA of a highly functional cloud FinOps culture

Recent Advances in Computer Science and Information Engineering

Recent Advances in Computer Science and Information Engineering
Author: Zhihong Qian
Publisher: Springer Science & Business Media
Total Pages: 822
Release: 2012-01-25
Genre: Technology & Engineering
ISBN: 3642257895

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CSIE 2011 is an international scientific Congress for distinguished scholars engaged in scientific, engineering and technological research, dedicated to build a platform for exploring and discussing the future of Computer Science and Information Engineering with existing and potential application scenarios. The congress has been held twice, in Los Angeles, USA for the first and in Changchun, China for the second time, each of which attracted a large number of researchers from all over the world. The congress turns out to develop a spirit of cooperation that leads to new friendship for addressing a wide variety of ongoing problems in this vibrant area of technology and fostering more collaboration over the world. The congress, CSIE 2011, received 2483 full paper and abstract submissions from 27 countries and regions over the world. Through a rigorous peer review process, all submissions were refereed based on their quality of content, level of innovation, significance, originality and legibility. 688 papers have been accepted for the international congress proceedings ultimately.

Business in the Cloud

Business in the Cloud
Author: Michael H. Hugos
Publisher: John Wiley & Sons
Total Pages: 228
Release: 2010-11-02
Genre: Business & Economics
ISBN: 0470616237

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A close look at cloud computing's transformational role in business Covering cloud computing from what the business leader needs to know, this book describes how IT can nimbly ramp up revenue initiatives, positively impact business operations and costs, and how this allows business leaders to shed worry about technology so they can focus on their business. It also reveals the cloud's effect on corporate organization structures, the evolution of traditional IT in the global economy, potential benefits and risks of cloud models and most importantly, how the IT function is being rethought by companies today who are making room for the coming tidal wave that is cloud computing. Why IT and business thinking must change to capture the full potential of cloud computing Topics including emerging cloud solutions, data security, service reliability, the new role of IT and new business organization structures Other titles by Hugos include: Business Agility: Sustainable Prosperity in a Relentlessly Competitive World and Essentials of Supply Chain Management, 2nd Edition Practical and timely, this book reveals why it's worth every company's time and effort to exploit cloud computing's potential for their business's survival and success.

Architecting Cloud Computing Solutions

Architecting Cloud Computing Solutions
Author: Kevin L. Jackson
Publisher: Packt Publishing Ltd
Total Pages: 367
Release: 2018-05-30
Genre: Computers
ISBN: 1788470745

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Accelerating Business and Mission Success with Cloud Computing. Key Features A step-by-step guide that will practically guide you through implementing Cloud computing services effectively and efficiently. Learn to choose the most ideal Cloud service model, and adopt appropriate Cloud design considerations for your organization. Leverage Cloud computing methodologies to successfully develop a cost-effective Cloud environment successfully. Book Description Cloud adoption is a core component of digital transformation. Scaling the IT environment, making it resilient, and reducing costs are what organizations want. Architecting Cloud Computing Solutions presents and explains critical Cloud solution design considerations and technology decisions required to choose and deploy the right Cloud service and deployment models, based on your business and technology service requirements. This book starts with the fundamentals of cloud computing and its architectural concepts. It then walks you through Cloud service models (IaaS, PaaS, and SaaS), deployment models (public, private, community, and hybrid) and implementation options (Enterprise, MSP, and CSP) to explain and describe the key considerations and challenges organizations face during cloud migration. Later, this book delves into how to leverage DevOps, Cloud-Native, and Serverless architectures in your Cloud environment and presents industry best practices for scaling your Cloud environment. Finally, this book addresses (in depth) managing essential cloud technology service components such as data storage, security controls, and disaster recovery. By the end of this book, you will have mastered all the design considerations and operational trades required to adopt Cloud services, no matter which cloud service provider you choose. What you will learn Manage changes in the digital transformation and cloud transition process Design and build architectures that support specific business cases Design, modify, and aggregate baseline cloud architectures Familiarize yourself with cloud application security and cloud computing security threats Design and architect small, medium, and large cloud computing solutions Who this book is for If you are an IT Administrator, Cloud Architect, or a Solution Architect keen to benefit from cloud adoption for your organization, then this book is for you. Small business owners, managers, or consultants will also find this book useful. No prior knowledge of Cloud computing is needed.