Cloud Computing and Its Pricing Schemes
Cloud computing is a rapidly emerging technology which involves deployment of various services like software, web services and virtualized infrastructure, as a product on public, private or hybrid clouds on lease basis. These services are charged by the respective pricing scheme for the cloud. The price varies with the number and type of data structures used for query execution. In this paper, the authors describe static and dynamic pricing schemes for cloud cache. In static pricing scheme the prices are fixed for different resources which remain constant with time. Static pricing scheme does not benefit the service provider because it does not reflect the current market value. The dynamic pricing scheme can adapt as the time changes.