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Methodology for pricing hardware based resources used for workloads deployed in a Cloud environment

IP.com Disclosure Number: IPCOM000241001D
Publication Date: 2015-Mar-18
Document File: 1 page(s) / 22K

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The IP.com Prior Art Database

Abstract

Methodology for pricing hardware based resources used for workloads deployed in a Cloud environment

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Methodology for pricing hardware based resources used for workloads deployed in a Cloud environment

Disclosed is a method for pricing hardware resources used for workload deployment in a Cloud environment. The traditional way to pay for hardware resources of a server (Processors, Memory, I/O cards) is to buy them up front. However, this method does not allow for a usage based "pay as you go" or "pay as you use" model commonly required for Cloud deployment. The basic idea is to charge a customer on the used amount of resources and then employ an already established procedure for the billing, to charge for these used resources. The benefit is that the customer gets a monthly bill on their processor usage which is based totally on the actual usage by the workload.

In order to create a usage based pricing model for hardware resources such as processors (cores, sockets, CPUs etc…), it would require that first you can designate two different processor types ones that have been acquired up front and others that have been designated as "pay as you go" processors. The "pay as you go" processors

will be billed monthly. Processors that are purchased up front do not qualify for the "pay as you go" pricing schema. Additionally, a metering product will be required to be installed on the server in order to measure processor usage. This metering product will measure processor utilization on the given server and will be able to generate usage reports. Granularity of measuremen...