Abstract: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 cost uncertainty, since spot prices fluctuate, in part, based on supply, demand, or both. The difficulty in predicting spot prices affects users and applications: the former cannot effectively plan their IT expenditures, while the latter cannot infer the availability and per… Show more
“…Spot instances are highly attractive to large-scale applications, and the market for spot instances is the foundation of the dynamic pricing scheme. This VMs model serves as a solution for cloud providers with idle resources by leasing out short-term instances at a lower cost, providing budget-conscious users with a more affordable alternative [2,5].…”
Master of Applied Science (Electrical and Computer Engineering)complies with the regulations of this University and meets the accepted standards with respect to originality and quality.
“…Spot instances are highly attractive to large-scale applications, and the market for spot instances is the foundation of the dynamic pricing scheme. This VMs model serves as a solution for cloud providers with idle resources by leasing out short-term instances at a lower cost, providing budget-conscious users with a more affordable alternative [2,5].…”
Master of Applied Science (Electrical and Computer Engineering)complies with the regulations of this University and meets the accepted standards with respect to originality and quality.
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