<p class=\"Abstract\"><span lang=\"EN-US\">Cloud Computing has emerged as the most popular paradigm for on-demand, pay-per-use model of computing. Therefore cloud of the resources will become most important entity in next generation of computing environment. There has been growing research interest in managing the cloud of resources so as to achieve optimum ulilization alongwith desired Quality of Service. In the present scenario there is much scope of research in mapping users&rsquo; request to appropriate servers in cloud computing environment. In this paper, the authors propose an analytical model for dynamic resource management framework in cloud environment. In order to design such model, the transportation problem model is studied and a multi-index transportation problem cloud resource scheduler (MTPCRS) mechanism with mathematical formulation is proposed. A numerical example is also given. A Multi- Indexed Cloud Resource Scheduling Algorithm (MICRSA) to calculate the total cost of processing requests is also given. The authors have depicted the model&rsquo;s business process diagram and sequence diagram using unified modeling language (UML).</span></p>