How to Bid the Cloud – Public Review
نویسنده
چکیده
Amazon’s Elastic Compute Cloud (EC2) leverages an auction approach, called “spot pricing”, to sell cloud resources to users. Spot prices are constantly adjusted by the cloud provider in response to demands, and users’ bids that exceed the spot price are accepted. When a user’s bid falls below the prevailing spot price, the user’s instance is terminated until such a time his bid exceeds the spot price again. Spot pricing thus enables the cloud provider to make efficient use of cloud resources and, at the same time, allows users to enjoy cloud resources at a reduced rate. This auction setting gives rise to two important questions: (1) How should the cloud provider set the spot price? and (2) What is the right bidding strategy for the users? This paper tackles both of these questions, and makes the following contributions:
منابع مشابه
How to Bid the Cloud
Amazon’s Elastic Compute Cloud (EC2) uses auction-based spot pricing to sell spare capacity, allowing users to bid for cloud resources at a highly-reduced rate. Amazon sets this spot price dynamically and accepts user bids above this price. Jobs with lower bids (including those already running) are interrupted and must wait for a lower spot price before resuming. We answer two basic questions f...
متن کاملA Literature Review on Cloud Computing Security Issues
The use of Cloud Computing has increasedrapidly in many organization .Cloud Computing provides many benefits in terms of low cost and accessibility of data. In addition Cloud Computing was predicted to transform the computing world from using local applications and storage into centralized services provided by organization.[10] Ensuring the security of Cloud Computing is major factor in the Clo...
متن کاملA Literature Review on Cloud Computing Security Issues
The use of Cloud Computing has increasedrapidly in many organization .Cloud Computing provides many benefits in terms of low cost and accessibility of data. In addition Cloud Computing was predicted to transform the computing world from using local applications and storage into centralized services provided by organization.[10] Ensuring the security of Cloud Computing is major factor in the Clo...
متن کاملHealth and Safety Issues in the Cloud Manufacturing Systems: A Systematic Review
Introduction: Health and safety in cloud-based manufacturing systems have become a major issue, especially with the spread of the Corona virus, putting both systems and the workforce at risk. In recent years, many journals and researchers have focused their research in this area. Therefore, the purpose of this study is to systematically review health and safety issues in cloud manufacturing sys...
متن کاملA review of methods for resource allocation and operational framework in cloud computing
The issue of management and allocation of resources in cloud computing environments, according to the breadth of scale and modern technology implementation, is a complicated issue. Issues such as: the heterogeneity of resources, resource dependencies to each other, the dynamics of the environment, virtualization, workload diversity as well as a wide range of management objectives of cloud servi...
متن کامل