Resource Allocation in Cloud Computing

Cloud computing is known as a provider of dynamic services using very large scalable and virtualized resources over the Internet. Many industries have started offering Cloud services on a pay-as- you-go basis. The developments have led to the concept of market exchange that provides the trading between cloud provider and consumer. A light weight and platform is proposed as independent framework called Market Environment, which allow the consumers and providers to trade computing resources according to their requirements. In this paper, we drive our design and discuss how trading can be done with the help of auctions. Finally we evaluate the performance in terms of scalability.