On cloud spot market: An overview of the research

Zheng Li; Liam O’Brien; Rajiv Ranjan; Shayne Flint; Albert Y. Zomaya

doi:10.1007/978-3-319-19848-4_4

On cloud spot market: An overview of the research

Zheng Li^*, Liam O’Brien, Rajiv Ranjan, Shayne Flint, Albert Y. Zomaya

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

2 Citations (Scopus)

Abstract

In Cloud computing, Infrastructure-as-a-Service (IaaS) can be purchased with three pricing schemes, namely reserved pricing, ondemand pricing and spot pricing. Within the spot pricing model, the spot Cloud resources usually refer to the spare compute capacity that can be auctioned in a spot market. A commercial spot market has been established since Amazon launched its spot instance service. Unlike the straightforward fixed-price schemes, the market-driven mechanism behind spot pricing is inevitably sophisticated for both Cloud consumers and providers. In addition, the de facto vendor Amazon does not disclose any backend detail except for its recent spot price history. To help practitioners better understand the spot market and help researchers identify research opportunities, we focused on Amazon’s spot service and investigated the relevant studies of the Cloud spot market. The result of our investigation has been organized and summarized into an overview of the current research, as described in this chapter.

Original language	English
Title of host publication	Intelligent Cloud Computing - 1st International Conference, ICC 2014, Revised Selected Papers
Editors	Rudolf Fleischer, Asma Al-Saidi, Zakaria Maamar, Omer F. Rana
Publisher	Springer Verlag
Pages	46-61
Number of pages	16
ISBN (Print)	9783319198477
DOIs	https://doi.org/10.1007/978-3-319-19848-4_4
Publication status	Published - 2015
Event	1st International Conference on Intelligent Cloud Computing, ICC 2014 - Muscat, Oman Duration: 24 Feb 2014 → 26 Feb 2014

Publication series

Name	Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume	8993
ISSN (Print)	0302-9743
ISSN (Electronic)	1611-3349

Conference

Conference	1st International Conference on Intelligent Cloud Computing, ICC 2014
Country/Territory	Oman
City	Muscat
Period	24/02/14 → 26/02/14

Access to Document

10.1007/978-3-319-19848-4_4

Cite this

Li, Z., O’Brien, L., Ranjan, R., Flint, S., & Zomaya, A. Y. (2015). On cloud spot market: An overview of the research. In R. Fleischer, A. Al-Saidi, Z. Maamar, & O. F. Rana (Eds.), Intelligent Cloud Computing - 1st International Conference, ICC 2014, Revised Selected Papers (pp. 46-61). (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 8993). Springer Verlag. https://doi.org/10.1007/978-3-319-19848-4_4

Li, Zheng ; O’Brien, Liam ; Ranjan, Rajiv et al. / On cloud spot market : An overview of the research. Intelligent Cloud Computing - 1st International Conference, ICC 2014, Revised Selected Papers. editor / Rudolf Fleischer ; Asma Al-Saidi ; Zakaria Maamar ; Omer F. Rana. Springer Verlag, 2015. pp. 46-61 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)).

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abstract = "In Cloud computing, Infrastructure-as-a-Service (IaaS) can be purchased with three pricing schemes, namely reserved pricing, ondemand pricing and spot pricing. Within the spot pricing model, the spot Cloud resources usually refer to the spare compute capacity that can be auctioned in a spot market. A commercial spot market has been established since Amazon launched its spot instance service. Unlike the straightforward fixed-price schemes, the market-driven mechanism behind spot pricing is inevitably sophisticated for both Cloud consumers and providers. In addition, the de facto vendor Amazon does not disclose any backend detail except for its recent spot price history. To help practitioners better understand the spot market and help researchers identify research opportunities, we focused on Amazon{\textquoteright}s spot service and investigated the relevant studies of the Cloud spot market. The result of our investigation has been organized and summarized into an overview of the current research, as described in this chapter.",

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doi = "10.1007/978-3-319-19848-4_4",

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Li, Z, O’Brien, L, Ranjan, R, Flint, S & Zomaya, AY 2015, On cloud spot market: An overview of the research. in R Fleischer, A Al-Saidi, Z Maamar & OF Rana (eds), Intelligent Cloud Computing - 1st International Conference, ICC 2014, Revised Selected Papers. Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), vol. 8993, Springer Verlag, pp. 46-61, 1st International Conference on Intelligent Cloud Computing, ICC 2014, Muscat, Oman, 24/02/14. https://doi.org/10.1007/978-3-319-19848-4_4

On cloud spot market: An overview of the research. / Li, Zheng; O’Brien, Liam; Ranjan, Rajiv et al.
Intelligent Cloud Computing - 1st International Conference, ICC 2014, Revised Selected Papers. ed. / Rudolf Fleischer; Asma Al-Saidi; Zakaria Maamar; Omer F. Rana. Springer Verlag, 2015. p. 46-61 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 8993).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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AU - Li, Zheng

AU - O’Brien, Liam

AU - Ranjan, Rajiv

AU - Flint, Shayne

AU - Zomaya, Albert Y.

N1 - Publisher Copyright: © Springer International Publishing Switzerland 2015.

PY - 2015

Y1 - 2015

N2 - In Cloud computing, Infrastructure-as-a-Service (IaaS) can be purchased with three pricing schemes, namely reserved pricing, ondemand pricing and spot pricing. Within the spot pricing model, the spot Cloud resources usually refer to the spare compute capacity that can be auctioned in a spot market. A commercial spot market has been established since Amazon launched its spot instance service. Unlike the straightforward fixed-price schemes, the market-driven mechanism behind spot pricing is inevitably sophisticated for both Cloud consumers and providers. In addition, the de facto vendor Amazon does not disclose any backend detail except for its recent spot price history. To help practitioners better understand the spot market and help researchers identify research opportunities, we focused on Amazon’s spot service and investigated the relevant studies of the Cloud spot market. The result of our investigation has been organized and summarized into an overview of the current research, as described in this chapter.

AB - In Cloud computing, Infrastructure-as-a-Service (IaaS) can be purchased with three pricing schemes, namely reserved pricing, ondemand pricing and spot pricing. Within the spot pricing model, the spot Cloud resources usually refer to the spare compute capacity that can be auctioned in a spot market. A commercial spot market has been established since Amazon launched its spot instance service. Unlike the straightforward fixed-price schemes, the market-driven mechanism behind spot pricing is inevitably sophisticated for both Cloud consumers and providers. In addition, the de facto vendor Amazon does not disclose any backend detail except for its recent spot price history. To help practitioners better understand the spot market and help researchers identify research opportunities, we focused on Amazon’s spot service and investigated the relevant studies of the Cloud spot market. The result of our investigation has been organized and summarized into an overview of the current research, as described in this chapter.

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T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)

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BT - Intelligent Cloud Computing - 1st International Conference, ICC 2014, Revised Selected Papers

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Li Z, O’Brien L, Ranjan R, Flint S, Zomaya AY. On cloud spot market: An overview of the research. In Fleischer R, Al-Saidi A, Maamar Z, Rana OF, editors, Intelligent Cloud Computing - 1st International Conference, ICC 2014, Revised Selected Papers. Springer Verlag. 2015. p. 46-61. (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)). doi: 10.1007/978-3-319-19848-4_4

On cloud spot market: An overview of the research

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