Cloud Broker: Customizing Services for Cloud Market Requirements

Cloud providers offer various purchasing options to enable users to tailor their costs according to their specific requirements, including on-demand, reserved instances, and spot instances. On-demand and spot instances satisfy short-term workloads, whereas reserved instances fulfill long-term instances. However, there are workloads that fall outside of either long-term or short-term categories. Consequently, there is a notable absence of services specifically tailored for medium-term workloads. On-demand services, while offering flexibility, often come with high costs. Spot instances, though cost-effective, carry the risk of termination. Reserved instances, while stable and less expensive, may have a remaining period that extends beyond the duration of users' tasks. This gap underscores the need for solutions that address the unique requirements and challenges associated with medium-term workloads in the cloud computing landscape. This paper introduces a new cloud broker that introduces IaaS services for medium-term workloads. On one hand, this broker strategically reserves resources from providers, and on the other hand, it interacts with users. Its interaction with users is twofold. It collects users' preferences regarding commitment term for medium-term workloads and then transforms the leased resources based on commitment term, aligning with the requirements of most users. To ensure profitability, the broker sells these services utilizing an auction algorithm. Hence, in this paper, an auction algorithm is introduced and developed, which treats cloud services as virtual assets and integrates the depreciation over time. The findings affirm the lack of services that fulfill medium workloads while ensuring the financial viabilty and profitability of the broker, given that the estimated return on investment (ROI) is acceptable.