Resource allocation strategy for cloud computing environment

Cloud computing has been established as a novel approach for computing where virtualized resources are available on demand. This permits the user to concentrate on the functional area and frees her/him from the burden of setting up data centers, hardware, software, network and licensing etc. Cloud computing helps in cost saving, easy accessibility, security, and 24×7 availability of resources to the users. User can demand the resources as per the requirement and budget. Therefore, there is great deal of competition in the market for providing resources to users. In this paper, earlier work [1] has been extended. In [1], a user was identified as Frequent User (FC) by the broker and is given priority in resource allocation. To increase the customer base and to maximize the profit of broker as well as vendors, the new attribute of pricing is introduced in this paper. The user also gets advantage in terms of improved services.