Resource utilization based dynamic pricing approach on cloud computing application

© Springer International Publishing Switzerland 2015. Utilizing cloud-based services, users are required to first specify their goal of using such cloud based applications and then obtain service compositions satisfying their specific needs from the cloud service providers. The process involves dynamic pricing schemes for service provisioning between themselves and their cloud service providers. As a result, it is quite challenging with existing supply and demand driven approaches to ensure true dynamic resource provisioning for users with critical applications. To address this problem, we propose a game theory approach based on fuzzy logic which is then used to ensure aspects of resource provisioning on cloud. In our approach, we perform a trade-off for resources between service provider, cloud resource provider and service user based on the user demand and avoid rejecting users to ensure reliable resource provisioning. Experimental results demonstrate that our proposed approach can improve resource utilization associated with users