In today's world, Cloud Computing (CC) enables the users to access computing resources and services over cloud without any need to own the infrastructure. Cloud Computing is a concept in which a network of devices, located in remote locations, is integrated to perform operations like data collection, processing, data profiling and data storage. In this context, resource allocation and task scheduling are important processes which must be managed based on the requirements of a user. In order to allocate the resources effectively, hybrid cloud is employed since it is a capable solution to process large-scale consumer applications in a pay-by-use manner. Hence, the model is to be designed as a profit-driven framework to reduce cost and make span. With this motivation, the current research work develops a Cost-Effective Optimal Task Scheduling Model (CEOTS). A novel algorithm called Target-based Cost Derivation (TCD) model is used in the proposed work for hybrid clouds. Moreover, the algorithm works on the basis of multi-intentional task completion process with optimal resource allocation. The model was successfully simulated to validate its effectiveness based on factors such as processing time, make span and efficient utilization of virtual machines. The results infer that the proposed model outperformed the existing works and can be relied in future for real-time applications.
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