Abstract-Cloud service providers offer access to their resources through formal Service Level Agreements (SLA), and need wellbalanced infrastructures so that they can maximise the Quality of Service (QoS) they offer and minimise the number of SLA violations. This paper focuses on a specific aspect of risk assesment as applied in cloud computing: methods within a framework that can be used by cloud service providers and service consumers to assess risk during service deployment and operation. It describes the various stages in the service lifecycle wheres risk assessment takes place, and the corresponding risk models that have been designed and implemented. The impact of risk on architectural components, with special emphasis on holistic management support at service operation, is also described. The risk assessor is shown to be effective through the experimental evaluation of the implementation, and is already integrated in a cloud computing toolkit.
Abstract-This paper introduces several Business Rules for maximising the revenue of Providers in Cloud Computing Markets. These rules apply in both negotiation and execution time, and enforce the achievement of Business-Level Objectives by establishing a bidirectional data flow between market and resource layers. The experiments demonstrate that the revenue is maximized by using both resource data when negotiating, and economic information when managing the resources.
Traditional resource management has had as its main objective the optimization of throughput, based on parameters such as CPU, memory, and network bandwidth. With the appearance of Grid markets, new variables that determine economic expenditure, benefit and opportunity must be taken into account.\ud
The Self-organizing ICT Resource Management (SORMA) project aims at allowing resource owners and consumers to exploit market mechanisms to sell and buy resources across the Grid. SORMA’s motivation is to achieve efficient resource utilization by maximizing revenue for resource providers and minimizing\ud
the cost of resource consumption within a market environment. An overriding factor in Grid markets is the need to ensure that the desired quality of service levels meet the expectations of market participants.\ud
This paper explains the proposed use of an economically enhanced resource manager (EERM) for resource provisioning based on economic models. In particular, this paper describes techniques used by the EERM\ud
to support revenue maximization across multiple service level agreements and provides an application scenario to demonstrate its usefulness and effectiveness.Peer ReviewedPostprint (published version
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