- Conference Article
- 10.1109/cloud.2019.00020
An Economic Analysis of Cloud Computing Service Using Reclaimed Resources
- Jul 01, 2019
- Chenbo Zhu + 2 more +2
Resource under-utilization is prevalent in data centers as a result of substantial stochastic workload variations and resource provision guarantee for the requirements to provide high-level service availability. To avoid resource under-utilization, recently, the Economy cloud computing service class (Economy class in short) is proposed that sells allocated but unused (i.e., reclaimed) physical resources with long-term service level objectives (SLOs). Though the Economy class would lead to revenue benefit, how much of the reclaimed resources should be used as the Economy class (i.e., capacity planning) and how to set its price and SLAs to maximize revenue benefit have not been studied. To address this problem, in this paper, we propose a multi-level SLA for Economy class, which has multiple levels of SLOs and penalty. We then present a rigorous theoretical analysis on the capacity planning and pricing of the new Economy class with an objective to maximize the revenue of the cloud computing service provider. Theoretical results are validated using resource utilization data derived from a publicly available Google cluster workload trace dataset.
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