Pricing and Bidding Strategies for Cloud Computing Spot Instances

被引:0
|
作者
Song, Jiayi [1 ]
Guerin, Roch [1 ]
机构
[1] Washington Univ, Dept Comp Sci & Engn, St Louis, MO 63130 USA
关键词
MANAGEMENT;
D O I
暂无
中图分类号
TM [电工技术]; TN [电子技术、通信技术];
学科分类号
0808 ; 0809 ;
摘要
We consider a cloud service based on spot instances and explore bidding and pricing strategies aimed at optimizing users' utility and provider's revenue, respectively. Our focus is on jobs that are heterogeneous in both valuation and sensitivity to execution delay. Of particular interest is the impact of correlation in these two dimensions. We characterize optimal bidding and pricing strategies under some simplifying assumptions, and more importantly highlight the impact of correlation in determining the benefits of a spot service over an on-demand service. We also provide a preliminary assessment of the results' robustness under more general assumptions.
引用
收藏
页码:647 / 653
页数:7
相关论文
共 50 条
  • [1] Pricing and Bidding Strategies for Cloud Spot Block Instances
    Mikavica, Branka
    Kostic-Ljubisavljevic, Aleksandra
    [J]. 2018 41ST INTERNATIONAL CONVENTION ON INFORMATION AND COMMUNICATION TECHNOLOGY, ELECTRONICS AND MICROELECTRONICS (MIPRO), 2018, : 384 - 389
  • [2] Bidding Strategies for Spot Instances in Cloud Computing Markets
    Karunakaran, Sowmya
    Sundarraj, Rangaraja P.
    [J]. IEEE INTERNET COMPUTING, 2015, 19 (03) : 32 - 40
  • [3] Price forecasting for spot instances in Cloud computing
    Cai, Zhicheng
    Li, Xiaoping
    Ruiz, Ruben
    Li, Qianmu
    [J]. FUTURE GENERATION COMPUTER SYSTEMS-THE INTERNATIONAL JOURNAL OF ESCIENCE, 2018, 79 : 38 - 53
  • [4] A Survey on Spot Pricing in Cloud Computing
    Kumar, Dinesh
    Baranwal, Gaurav
    Raza, Zahid
    Vidyarthi, Deo Prakash
    [J]. JOURNAL OF NETWORK AND SYSTEMS MANAGEMENT, 2018, 26 (04) : 809 - 856
  • [5] A Survey on Spot Pricing in Cloud Computing
    Dinesh Kumar
    Gaurav Baranwal
    Zahid Raza
    Deo Prakash Vidyarthi
    [J]. Journal of Network and Systems Management, 2018, 26 : 809 - 856
  • [6] Pricing (and Bidding) Strategies for Delay Differentiated Cloud Services
    Song, Jiayi
    Guerin, Roch
    [J]. ACM TRANSACTIONS ON ECONOMICS AND COMPUTATION, 2020, 8 (02)
  • [7] Learning Cloud Dynamics to Optimize Spot Instance Bidding Strategies
    Khodak, Mikhail
    Zheng, Liang
    Lan, Andrew S.
    Joe-Wong, Carlee
    Chiang, Mung
    [J]. IEEE CONFERENCE ON COMPUTER COMMUNICATIONS (IEEE INFOCOM 2018), 2018, : 2762 - 2770
  • [8] Bidding Strategies for Amazon EC2 Spot Instances-A Comprehensive Review
    Khandelwal, Veena
    Chaturvedi, Anand Kishore
    Gupta, Chandra Prakash
    [J]. 2018 FOURTH INTERNATIONAL CONFERENCE ON COMPUTING COMMUNICATION CONTROL AND AUTOMATION (ICCUBEA), 2018,
  • [9] Cloud Computing Spot Pricing Dynamics: Latency and Limits to Arbitrage
    Cheng, Hsing Kenneth
    Li, Zhi
    Naranjo, Andy
    [J]. INFORMATION SYSTEMS RESEARCH, 2016, 27 (01) : 145 - 165
  • [10] Estimated Interval-Based Checkpointing (EIC) on Spot Instances in Cloud Computing
    Jung, Daeyong
    Lim, JongBeom
    Yu, Heonchang
    Suh, Taeweon
    [J]. JOURNAL OF APPLIED MATHEMATICS, 2014,