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Cost benefits of flexible hybrid cloud storage : Mitigating volume variation with shorter acquisition cycle

2016

The hybrid cloud storage is investigated as a case of concurrent sourcing.The paper introduces an analytical model for hybrid cloud storage costs.We study the role of acquisition cycle and volume variation in hybrid cloud costs.Shortening the reassessment interval reduces the volume non-stationarity.Shortening the reassessment interval reduces the total hybrid costs. Hybrid cloud storage combines cost-effective but inflexible private storage along with flexible but premium-priced public cloud storage. As a form of concurrent sourcing, it offers flexibility and cost benefits to organizations by allowing them to operate at a cost-optimal scale and scope under demand volume uncertainty. Howeve…

EngineeringOperations researchvolume variationCloud computing02 engineering and technologyInterval (mathematics)plural governanceReduction (complexity)0502 economics and business0202 electrical engineering electronic engineering information engineeringreassessment intervalFlexibility (engineering)ta113Scope (project management)business.industryScale (chemistry)05 social sciencesVolume (computing)020207 software engineeringconcurrent sourcingReliability engineeringHardware and Architectureacquisition intervalhybrid cloud storagebusinessCloud storage050203 business & managementSoftwareInformation Systems
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