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Cloud computing has recently emerged as one of the buzzwords in the IT industry. Several IT vendors are promising to offer computation, data/storage, and application hosting services, offering Service-Level Agreements (SLA) backed performance and uptime promises for their services. While these „clouds‟ are the natural evolution of traditional clusters and data centers, they are distinguished by following a pricing model where customers are charged based on their utilization of computational resources, storage and transfer of data. They offer subscription-based access to infrastructure, platforms, and applications that are popularly termed as IaaS (Infrastructure as a Service), PaaS (Platform as a Service), and SaaS (Software as a Service). In order to improve the profit of service providers we implement a technique called hybrid pricing , where this hybrid pricing model is a pooled with fixed and spot pricing techniques.

Profit Maximization for Service Providers using Hybrid Pricing in Cloud Computing