Optimization of Resource Provisioning Cost in Cloud Computing
In this paper the authors planned cloud consumers two provisioning plans for computing resources is reservation and on-demand plans. To address these problems, an Optimal Cloud Resource Provisioning (OCRP) algorithm is proposed by formulating stochastic programming models. The OCRP algorithm can provision computing resources for being used in multiple provisioning stages as well as long-term plans, e.g., four stages in a quarter plan and twelve stages in a yearly plan. The price and demand uncertainty is considered in OCRP.