Related papers: Spot Pricing in the Cloud Ecosystem: A Comparative…
The spot pricing scheme has been considered to be resource-efficient for providers and cost-effective for consumers in the Cloud market. Nevertheless, unlike the static and straightforward strategies of trading on-demand and reserved Cloud…
Background: Cloud Computing is increasingly booming in industry with many competing providers and services. Accordingly, evaluation of commercial Cloud services is necessary. However, the existing evaluation studies are relatively chaotic.…
Cloud spot markets rent VMs for a variable price that is typically much lower than the price of on-demand VMs, which makes them attractive for a wide range of large-scale applications. However, applications that run on spot VMs suffer from…
With the rapid growth of the cloud computing marketplace, the issue of pricing resources in the cloud has been the subject of much study in recent years. In this paper, we identify and study a new issue: how to price resources in the cloud…
Cloud Computing emerges from the global economic crisis as an option to use computing resources from a more rational point of view. In other words, a cheaper way to have IT resources. However, issues as security and privacy, SLA (Service…
This paper presents the economic impacts of spot instance service on the cloud service providers (CSPs) and the customers when the CSPs offer it along with the on-demand instance service to the customers. We model the interaction between…
We study online resource allocation in a cloud computing platform, through a posted pricing mechanism: The cloud provider publishes a unit price for each resource type, which may vary over time; upon arrival at the cloud system, a cloud…
Cloud computing as a fairly new commercial paradigm, widely investigated by different researchers, already has a great range of challenges. Pricing is a major problem in Cloud computing marketplace; as providers are competing to attract…
The increasing reliance on dynamic pricing models, such as spot instances, in public cloud environments presents new challenges for workload scheduling and reliability. While these models offer cost advantages, they introduce volatility and…
Infrastructure-as-a-Service providers are offering their unused resources in the form of variable-priced virtual machines (VMs), known as "spot instances", at prices significantly lower than their standard fixed-priced resources. To lease…
Cloud computing delivers value to users by facilitating their access to computing capacity in periods when their need arises. An approach is to provide both on-demand and spot services on shared servers. The former allows users to access…
This paper presents a comprehensive literature review on applications of economic and pricing models for resource management in cloud networking. To achieve sustainable profit advantage, cost reduction, and flexibility in provisioning of…
We study a model of congestible resources, where pricing and scheduling are intertwined. Motivated by the problem of pricing cloud instances, we model a cloud computing service as linked $GI/GI/\cdot$ queuing systems where the provider…
Cloud computing providers are now offering their unused resources for leasing in the spot market, which has been considered the first step towards a full-fledged market economy for computational resources. Spot instances are virtual…
Cloud Computing is a new trend emerging in IT environment with huge requirements of infrastructure and resources. Load Balancing is an important aspect of cloud computing environment. Efficient load balancing scheme ensures efficient…
With the advantages that cloud computing offers in terms of platform as a service, software as a service, and infrastructure as a service, data engineers and data scientists are able to leverage cloud computing for their ETL/ELT (extract,…
Cloud computing has become a pivotal platform for executing scientific workflows due to its scalable and cost-effective infrastructure. Scientific Cloud Service Providers (SCSPs) act as intermediaries that rent virtual machines (VMs) from…
As a cost-effective option for Cloud consumers, spot service has been considered to be a significant supplement for building a full-fledged market economy for the Cloud ecosystem. However, unlike the static and straightforward way of…
Cloud is now the leading software and computing hardware innovator, and is changing the landscape of compute to one that is optimized for artificial intelligence and machine learning (AI/ML). Computing innovation was initially driven to…
The adoption of market-based principles in resource management systems for computational infrastructures such as grids and clusters allows for matching demand and supply for resources in a utility maximizing manner. As such, they offer a…