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Data Storage Cost Optimization Based on Electricity Price Forecasting with Machine Learning in a Multi-Geographical Cloud Environment

As increased demand of cloud computing leads to increased electricity costs for cloud providers, there is an incentive to investigate in new methods to lower electricity costs in data centers. Electricity price markets suffer from sudden price spikes as well as irregularities between different geographical electricity markets. This thesis investigates in whether it is possible to leverage these volatilities and irregularities between different electricity price markets, to offload or move storage in order to reduce electricity price costs for data storage. By forecasting four different electricity price markets it was possible to predict sudden price spikes and leverage these forecasts in a simple optimization model to offload storage of data in data centers and successfully reduce electricity costs for data storage.

Identiferoai:union.ndltd.org:UPSALLA1/oai:DiVA.org:liu-152250
Date January 2018
CreatorsWiren, Jakob
PublisherLinköpings universitet, Kommunikations- och transportsystem, Linköpings universitet, Tekniska högskolan
Source SetsDiVA Archive at Upsalla University
LanguageEnglish
Detected LanguageEnglish
TypeStudent thesis, info:eu-repo/semantics/bachelorThesis, text
Formatapplication/pdf
Rightsinfo:eu-repo/semantics/openAccess

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