Mathematical Frameworks for Pricing in the Cloud: Revenue, Fairness, and Resource Allocations
As more and more users begin to use the cloud for their computing needs, datacenter operators are increasingly pressed to effectively allocate their resources among these client users. Yet while much work has been done in this area, relatively little attention has been paid to studying perhaps the ultimate lever of resource allocation: pricing. Most data centers today charge users by "Bundling" heterogeneous resources together in a fixed ratio and selling these bundles to their clients. But bundling masks the fact that different users require different combinations of resources (e.g., CPUs, memory, bandwidth) to process their jobs. The presence of multiple resources in fact allows an operator to offer many different types of pricing strategies, which may have different effects on its revenue.