Selling T-Shirts and Time Shares in the Cloud

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Cloud computing has emerged as a new and alternative approach for providing computing services. Customers acquire and release resources by requesting and returning virtual machines to the cloud. Different service models and pricing schemes are offered by cloud service providers. This can make it difficult for customers to compare cloud services and select an appropriate solution. Cloud Infrastructure-as-a-Service vendors offer a t-shirt approach for Virtual Machines (VMs) on demand. Customers can select from a set of fixed size VMs and vary the number of VMs as their demands change. Private clouds often offer another alternative, called time-sharing, where the capacity of each VM is permitted to change dynamically.