Standardized dynamic pricing model for cloud services in smart cities: [Essay Example], 518 words GradesFixer

Haven't found the right essay?

Get an expert to write you the one you need!


Professional writers and researchers


Sources and citation are provided


3 hour delivery

This essay has been submitted by a student. This is not an example of the work written by professional essay writers.

Standardized Dynamic Pricing Model for Cloud Services in Smart Cities

Download Print

Pssst… we can write an original essay just for you.

Any subject. Any type of essay.

We’ll even meet a 3-hour deadline.

Get your price

121 writers online

Download PDF

A smart city is a new concept of cities that apply the new generation of information communication technologies (Smart ICT), such as the Internet-of-Things, cloud computing, big data, to improve and manage the planning, construction and smart services of cities.

Developing Smart Cities can benefit synchronized development, industrialization, information sharing, urbanization and agricultural modernization and sustainability of cities development. The utility power system in smart City is highly energy and resource efficient, and is increasingly powered by renewable energy sources; it relies on integrated and resilient resource systems, as well as insight-driven and innovative approaches to strategic planning. The application of information and communication technologies is commonly a means to meet these objectives.

One of the major components of smart cities’ utility power system is the smart grid. The smart grid is an electrical grid including a variety of operational and energy measures such as smart meters, smart appliances and allows the integration of various power generation resources. With the increasing concerns about climate change the interest in integrating renewable resources into the smart grid increases. As these renewable energy sources might be highly intermittent in nature and often uncontrollable, they could produce a significant challenge for the reliability of the grid. It is therefore a challenging task to guarantee that the power demand, load and power generation remain balanced; stressing the need for standardized power allocation and dynamic pricing schemes.

As a step into this direction, we study dynamic pricing strategies for brokering, which will be implemented on the cloud service, on the based upon data collected from smart meters to help the users make the best selection with the energy resources from different energy retailers. In this dynamic pricing scheme, more than one energy retailer is considered and for each retailer, the price for the users can be adjusted dynamically depending on the current energy demand and prices offered by the other retailers in each region; in order to achieve the highest individual or combined revenue.

The users’ energy demand changes with the price to maximize their individual utility, and users might choose different retailers based on the provided prices. The brokering will choose the lowest cost of energy resources based on clients’ energy usage demand in real time. Dynamic pricing aims at reducing the overall energy consumption, the capacity of end use customers to change their electricity usage from their normal or current consumption patterns in response to market signals is mainly about shifting consumption to a different point in time. Furthermore, during the analysis, we have come to know that standardization in the area of metering and billing lags behind research.

Therefore, in our study we focus on researching the market requirements for cloud service metering and billing to highlight and determine gaps between industry practices, market requirements and current technical standardization efforts at ISO…38 committee in order to pave the way to establishing standards in metering indicators and billing principles for cloud services this while keeping in mind privacy and data protection risks and regulations enforced by ISO JT1/SC 27 and EU General Data Protection Regulation effective May 2018.

infoRemember: This is just a sample from a fellow student.

Your time is important. Let us write you an essay from scratch

100% plagiarism-free

Sources and citations are provided

Find Free Essays

We provide you with original essay samples, perfect formatting and styling

Cite this Essay

To export a reference to this article please select a referencing style below:

Standardized dynamic pricing model for cloud services in smart cities. (2018, November 19). GradesFixer. Retrieved March 1, 2021, from
“Standardized dynamic pricing model for cloud services in smart cities.” GradesFixer, 19 Nov. 2018,
Standardized dynamic pricing model for cloud services in smart cities. [online]. Available at: <> [Accessed 1 Mar. 2021].
Standardized dynamic pricing model for cloud services in smart cities [Internet]. GradesFixer. 2018 Nov 19 [cited 2021 Mar 1]. Available from:
copy to clipboard

Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.

    By clicking “Send”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails.


    Attention! this essay is not unique. You can get 100% plagiarism FREE essay in 30sec

    Recieve 100% plagiarism-Free paper just for 4.99$ on email
    get unique paper
    *Public papers are open and may contain not unique content
    download public sample

    Sorry, we cannot unicalize this essay. You can order Unique paper and our professionals Rewrite it for you



    Your essay sample has been sent.

    Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.

    thanks-icon Order now

    Hi there!

    Are you interested in getting a customized paper?

    Check it out!
    Having trouble finding the perfect essay? We’ve got you covered. Hire a writer uses cookies. By continuing we’ll assume you board with our cookie policy.