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International Conference on Grid Economics and Business Models

GECON 2014: Economics of Grids, Clouds, Systems, and Services pp 146–158Cite as

Balancing Leasing and Insurance Costs to Achieve Total Risk Coverage in Cloud Storage Multi-homing

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Part of the book series: Lecture Notes in Computer Science ((LNCCN,volume 8914))

Abstract

Cloud storage multi-homing (a.k.a. as multicloud) represents a possible solution to achieve enhanced availability of one’s own data and build an extremely reliable cloud environment out of relatively unreliable single cloud platforms. However, subscribing with multiple cloud providers comes at a cost. The cost of multiple subscriptions must be compared against the damage resulting from the possible temporary unavailability of the data stored on the cloud. A complementary approach is to protect against the economic damage resulting from data unavailability by subscribing an insurance policy. In this paper we investigate the complementary use of cloud multi-homing and insurance to obtain a total risk coverage against data unavailability. We provide a total cost function, which incorporates the cost of cloud subscriptions and the insurance premium, and investigate the possibility of trade-offs to achieve a total risk coverage at minimum cost.

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Author information

Authors and Affiliations

  1. Department of Computer Science and Civil Engineering, Università di Roma Tor Vergata, Via del Politecnico 1, 00133, Rome, Italy

    Maurizio Naldi

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  1. Maurizio Naldi
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Correspondence to Maurizio Naldi .

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Editors and Affiliations

  1. Technology, Economics, and Policy Program, College of Engineering, Seoul National University, Gwanak-Gu, Seoul, Korea, Republic of (South Korea)

    Jörn Altmann

  2. Department of Mathematics and Computer Science, University of Antwerp, Antwerp, Belgium

    Kurt Vanmechelen

  3. School of Computer Science, Cardiff University, Cardiff, United Kingdom

    Omer F. Rana

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Naldi, M. (2014). Balancing Leasing and Insurance Costs to Achieve Total Risk Coverage in Cloud Storage Multi-homing. In: Altmann, J., Vanmechelen, K., Rana, O. (eds) Economics of Grids, Clouds, Systems, and Services. GECON 2014. Lecture Notes in Computer Science(), vol 8914. Springer, Cham. https://doi.org/10.1007/978-3-319-14609-6_10

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  • DOI: https://doi.org/10.1007/978-3-319-14609-6_10

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-14608-9

  • Online ISBN: 978-3-319-14609-6

  • eBook Packages: Computer ScienceComputer Science (R0)

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