A Hierarchical Cloud Pricing System

Abstract

Cloud computing is experiencing phenomenal growth and there are now many vendors offering their cloud services. In cloud computing, cloud providers cooperate together to offer their computing resource as a utility and software as a service to customers. The demands and the price of cloud service should be negotiated between providers and users based on the Service Level Agreement (SLA). In order to help cloud providers achieving an agreeable price for their services and maximizing the benefits of both cloud providers and clients, this paper proposes a cloud pricing system consisting of hierarchical system, M/M/c queuing model and pricing model. Simulation results verify the efficiency of our proposed system.