Abstract
One of the key characteristic of a cloud service is its flexibility [8]. It is a key catalyst for the economic growth of the cloud market. Cloud consumers usually observe three desired properties in a flexible cloud service: a) on-demand provision, b) elasticity, and c) flexible pricing [21]. In the on-demand provision model, computing resources are made available to consumers as needed. Service consumers can use a service at any time irrespective of a short-term or a long-term contract [121]. Cloud elasticity is the ability of an application to automatically adjust the infrastructure resources usage to accommodate varied workloads and priorities [70]. Consumers can extend or shrink the size of services according to their workloads. A flexible pricing model allows consumers to pay only for what they use [8].
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Mistry, S., Bouguettaya, A., Dong, H. (2018). Long-Term IaaS Composition for Stochastic Requests. In: Economic Models for Managing Cloud Services. Springer, Cham. https://doi.org/10.1007/978-3-319-73876-5_4
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