Cost Optimization Model for Business Applications in Virtualized Grid Environments

Abstract. The advent of Grid computing gives enterprises an ever increasing choice of computing options, yet research has so far hardly addressed the problem of mixing the different computing options in a cost-minimal fashion. The following paper presents a comprehensive cost model and a mixed integer optimization model which can be used to minimize the IT expenditures of an enterprise and help in decision-making when to outsource certain business software applications. A sample scenario is analyzed and promising cost savings are demonstrated. Possible applications of the model to future research questions are outlined.

• Type: Conference
• Year: 2009
• Where: GECON
• Authors: Jörg Strebel
• Keywords: Business, Comprehensive Cost Model, Computing Options, Different Computing Options, GECON 2009