Efficient Resource Utilization in Cloud Environments: A Review of Allocation Techniques

Cloud computing has revolutionized delivering services, providing access to dynamic, scalable, and virtualized resources over the Internet. This has led to a cloud marketplace where consumers can purchase services from providers on a pay-as-you-go basis. A lightweight and independent framework, termed “Market Environment,” is proposed to facilitate this exchange. This platform enables consumers and providers to trade computing resources efficiently based on their specific needs. The design of the Market Environment is driven by the concept of auctions, allowing for efficient resource allocation and price discovery. Performance evaluation demonstrates the scalability of the proposed framework, making it suitable for large-scale cloud trading applications.