Journal ArticleDOI
Bidding Strategies for Spot Instances in Cloud Computing Markets
Reads0
Chats0
TLDR
This work uses data based on Amazon's Elastic Compute Cloud spot market to provide users with guidelines when considering tradeoffs between cost, wait time, and interruption rates, and recommends bidding strategies in spot markets.Abstract:
In recent times, spot pricing -- a dynamic pricing scheme -- is becoming increasingly popular for cloud services. This new pricing format, though efficient in terms of cost and resource use, has added to the complexity of decision making for typical cloud computing users. To recommend bidding strategies in spot markets, we use a simulation study to understand the implications that provider-recommended strategies have for cloud users. We use data based on Amazon's Elastic Compute Cloud spot market to provide users with guidelines when considering tradeoffs between cost, wait time, and interruption rates.read more
Citations
More filters
Book
Amazon Web Services完全ソリューションガイド
TL;DR: It’s time to dust off the gloves and get ready for the cold weather.
Journal ArticleDOI
A Survey on Spot Pricing in Cloud Computing
TL;DR: An exhaustive survey of spot pricing in cloud ecosystem is presented and an insight into the Amazon spot instances and its pricing mechanism has been presented for better understanding of the spot ecosystem.
Journal ArticleDOI
Statistical analysis of Amazon EC2 cloud pricing models
Gustavo Portella,Genaína Nunes Rodrigues,Eduardo Yoshio Nakano,Alba Cristina Magalhaes Alves de Melo +3 more
TL;DR: The authors' analysis for on‐demand instances resulted in multiple linear regression equations that represent the influence of characteristics of the processor and RAM memory in the composition of the price of different types of instances available on the Amazon EC2 provider.
Journal ArticleDOI
Spot Pricing in the Cloud Ecosystem: A Comparative Investigation
TL;DR: Although there is still a lack of practical and easily deployable market-driven mechanisms, the overall findings of the work indicate that spot pricing plays a promising role in the sustainability of Cloud resource exploitation.
References
More filters
Journal ArticleDOI
Deconstructing Amazon EC2 Spot Instance Pricing
TL;DR: By analyzing the spot price histories of Amazon's EC2 cloud, this work reverse engineer how prices are set and construct a model that generates prices consistent with existing price traces, finding that prices are usually not market-driven as sometimes previously assumed.
Book
Amazon Web Services完全ソリューションガイド
TL;DR: It’s time to dust off the gloves and get ready for the cold weather.
Proceedings ArticleDOI
Recommender systems in e-commerce
TL;DR: In this paper, the authors discuss common recommender systems techniques and their associated trade-offs in order to assist customers in this scenario, and discuss about common recommendation systems techniques that have been employed.
Journal ArticleDOI
Real-time pricing of reactive power: theory and case study results
M.L. Baughman,S.N. Siddiqi +1 more
TL;DR: In this article, an analysis of real-time pricing policies of reactive power using a modification of the OPF (optimal power flow) model is presented, followed by a case study illustrating the magnitudes and ranges that realtime prices might take on under different circumstances.
Proceedings ArticleDOI
Deconstructing Amazon EC2 Spot Instance Pricing
TL;DR: By analyzing the spot price histories of Amazon's EC2 cloud, this work reverse engineer how prices are set and construct a model that generates prices consistent with existing price traces, finding that prices are usually not market-driven as sometimes previously assumed.