A Survey on Spot Pricing in Cloud Computing
1
School of computer and Systems Sciences, JawaharLal Nehru University, New Delhi, India
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Publication type: Journal Article
Publication date: 2017-12-06
scimago Q1
wos Q2
SJR: 0.876
CiteScore: 9.0
Impact factor: 3.9
ISSN: 10647570, 15737705
Hardware and Architecture
Information Systems
Computer Networks and Communications
Strategy and Management
Abstract
Amazon offers spot instances to cloud customers using an auction-like mechanism. These instances are dynamically priced and offered at a lower price with less guarantee of availability. Observing the popularity of Amazon spot instances among the cloud users, research has intensified on defining the users’ and providers’ behavior in the spot market. This work presents an exhaustive survey of spot pricing in cloud ecosystem. An insight into the Amazon spot instances and its pricing mechanism has been presented for better understanding of the spot ecosystem. Spot pricing and resource provisioning problem, modeled as a market mechanism, is discussed from both computational and economics perspective. A significant amount of important research papers related to price prediction and modeling, spot resource provisioning, bidding strategy designing etc. are summarized and categorized to evaluate the state of the art in the context. All theoretical frameworks, developed for cloud spot market, are illustrated and compared in terms of the techniques and their findings. Finally, research gaps are identified and various economic and computational challenges in cloud spot ecosystem are discussed as a guide to the future research.
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Metrics
43
Total citations:
43
Citations from 2024:
3
(6.98%)
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MLA
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GOST
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Kumar D. et al. A Survey on Spot Pricing in Cloud Computing // Journal of Network and Systems Management. 2017. Vol. 26. No. 4. pp. 809-856.
GOST all authors (up to 50)
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Kumar D., Baranwal G., Raza Z., Vidyarthi D. P. A Survey on Spot Pricing in Cloud Computing // Journal of Network and Systems Management. 2017. Vol. 26. No. 4. pp. 809-856.
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RIS
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TY - JOUR
DO - 10.1007/s10922-017-9444-x
UR - https://doi.org/10.1007/s10922-017-9444-x
TI - A Survey on Spot Pricing in Cloud Computing
T2 - Journal of Network and Systems Management
AU - Kumar, Dinesh
AU - Baranwal, Gaurav
AU - Raza, Zahid
AU - Vidyarthi, Deo Prakash
PY - 2017
DA - 2017/12/06
PB - Springer Nature
SP - 809-856
IS - 4
VL - 26
SN - 1064-7570
SN - 1573-7705
ER -
Cite this
BibTex (up to 50 authors)
Copy
@article{2017_Kumar,
author = {Dinesh Kumar and Gaurav Baranwal and Zahid Raza and Deo Prakash Vidyarthi},
title = {A Survey on Spot Pricing in Cloud Computing},
journal = {Journal of Network and Systems Management},
year = {2017},
volume = {26},
publisher = {Springer Nature},
month = {dec},
url = {https://doi.org/10.1007/s10922-017-9444-x},
number = {4},
pages = {809--856},
doi = {10.1007/s10922-017-9444-x}
}
Cite this
MLA
Copy
Kumar, Dinesh, et al. “A Survey on Spot Pricing in Cloud Computing.” Journal of Network and Systems Management, vol. 26, no. 4, Dec. 2017, pp. 809-856. https://doi.org/10.1007/s10922-017-9444-x.