Evaluation of the Dynamic Pricing Model in Cloud

Many of the companies started moving towards cloud computing because of its characteristics like pay as you go, easy to use, scalable, multi-tenant, secure, etc. There are many cloud providers providing cloud services over the internet. There are number of pricing policies for the user. These pricing policies can be categorised as static and dynamic pricing. This paper represents the enhancement and evaluation of the proposed dynamic resource pricing model for cloud resources based on the consumer behaviour. For model evaluation, one tail two sample t-test has been used. The results show the model will be helpful to the cloud provider for profit maximisation.