Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.jpdc.2011.09.001
Title: Utilization-based pricing for power management and profit optimization in data centers
Authors: Zheng, Q. 
Veeravalli, B. 
Keywords: Cost
Load balancing
Power
Pricing
Revenue
Utilization
Issue Date: Jan-2012
Source: Zheng, Q.,Veeravalli, B. (2012-01). Utilization-based pricing for power management and profit optimization in data centers. Journal of Parallel and Distributed Computing 72 (1) : 27-34. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jpdc.2011.09.001
Abstract: Traditional load balancing approaches may spread the load on more computers as long as the performance in terms of response time or cost is minimized. Nowadays power is a growing cost factor for data centers. In this paper, from the service provider's point of view, the load balancing decision is made based on whether power consumption can be reduced or more profit can be earned. To achieve this, we design pricing algorithms to influence the load distribution. Both algorithms take into account the utilization of computers besides other factors, such as prices and power costs. In the first algorithm, we design pricing functions with respect to the computer utilization to encourage or discourage resource usage. In the second algorithm, we focus on the profit that a service provider can earn after deducting power cost from its revenue. We formulate this profit optimization problem and derive the optimum price solution. © 2011 Elsevier Inc. All rights reserved.
Source Title: Journal of Parallel and Distributed Computing
URI: http://scholarbank.nus.edu.sg/handle/10635/57766
ISSN: 07437315
DOI: 10.1016/j.jpdc.2011.09.001
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