IMPLEMENTATION OF NOVEL ACCOUNTING, PRICING AND CHARGING MODELS IN A CLOUD-BASED SERVICE PROVISIONING ENVIRONMENT

Cloud Computing, the long-held vision of Computing as a utility, has recently emerged as a new model for hosting, commoditizing and delivering services in a manner similar to traditional utilities such as water, electricity, gas and telephony. In this new model, users are able to access services according to their specific preferences without regards to where the services are hosted or how they are delivered. In a Cloud Computing environment, the traditional role of service provider is divided into two; the Infrastructure providers who manage cloud platforms and lease resource according to usage-based pricing model and Service providers who rent resources from one or many infrastructure providers to serve the end users. In this research paper, we present an implementation of a novel accounting, pricing and charging models that would enhance efficient service provisioning in any cloud-based service provisioning environment.