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Cloud Data Centers and Cost Modeling by Rajkumar Buyya, Caesar Wu

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Chapter 14

Cost Modeling

Terms and Definitions

This chapter unfolds the details of a cost model and cost framework. It begins with the concept, terms, and definitions related to a cost model and then it gives a functional definition of a cost model. In order to resolve the fundamental issue, namely making the right strategy decision, this chapter highlights many challenges in term of cost modeling.

Keywords

Cost model; cost framework; tangible cost; intangible cost; sunk cost; cost parameters; direct variable cost; benefits; risks; opportunities; methodology; metrics; objective; subjective

This chapter will unfold the content in the following order. First, a number of common terms or concepts will be defined and clarified, and these terms, such ...

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