Abstract
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Cloud computing is a kind of computing service used for sharing the resources rather than having local servers or personal devices to handle applications. Cloud computing is otherwise called ¡°Pay-as-you-go¡± model, in that cloud users have to rent the cloud resources or services for a period of time and make payment according to the usage of resources. In existing system,the mechanism used for allocating the resource is based on demand-supply scenario in the market to discover the users for resource allocation based on their amount capability and set up a compensation policy based on the preferences chosen by the buyers as the Cloud Service Provider(CSP) offers.This demand based preferential technique undergoes bid revisions, re-bidding the prices and provides multiple payment for the cloud user. It provides an advantage to the cloud user for setting the prices for resources based on the current demands. In order to reduce the number of VMs activated at a time, energy efficient scheduling framework using ranking algorithm have been proposed. This scheduling framework mainly focused on energy efficiency of datacenters along with the minimum completion time, provides fair resource allocation to the user, and maintains load balancing.
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