On cloud spot market: An overview of the research

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dc.contributor.authorLi, Zhengen
dc.contributor.authorO’Brien, Liamen
dc.contributor.authorRanjan, Rajiven
dc.contributor.authorFlint, Shayneen
dc.contributor.authorZomaya, Albert Y.en
dc.date.accessioned2026-01-01T09:41:20Z
dc.date.available2026-01-01T09:41:20Z
dc.date.issued2015en
dc.description.abstractIn 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.en
dc.description.sponsorshipNICTA is funded by the Australian Government through the Department of Communications and the Australian Research Council through the ICT Centre of Excellence Program. NICTA is also funded and supported by the Australian Capital Territory, the New South Wales, Queensland and Victorian Governments, the Australian National University, the University of New South Wales, the University of Melbourne, the University of Queensland, the University of Sydney, Griffith University, Queensland University of Technology, Monash University and other university partners.en
dc.description.statusPeer-revieweden
dc.format.extent16en
dc.identifier.isbn9783319198477en
dc.identifier.issn0302-9743en
dc.identifier.scopus84947924369en
dc.identifier.urihttps://hdl.handle.net/1885/733799515
dc.language.isoenen
dc.publisherSpringer Verlagen
dc.relation.ispartofIntelligent Cloud Computing - 1st International Conference, ICC 2014, Revised Selected Papersen
dc.relation.ispartofseries1st International Conference on Intelligent Cloud Computing, ICC 2014en
dc.relation.ispartofseriesLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)en
dc.rightsPublisher Copyright: © Springer International Publishing Switzerland 2015.en
dc.subjectAmazon EC2en
dc.subjectCloud computingen
dc.subjectMarket-driven mechanismen
dc.subjectSpot marketen
dc.subjectSpot pricingen
dc.titleOn cloud spot market: An overview of the researchen
dc.typeConference paperen
dspace.entity.typePublicationen
local.bibliographicCitation.lastpage61en
local.bibliographicCitation.startpage46en
local.contributor.affiliationLi, Zheng; School of Computing, ANU College of Systems and Society, The Australian National Universityen
local.contributor.affiliationO’Brien, Liam; ICT Innovation and Servicesen
local.contributor.affiliationRanjan, Rajiv; School of Computing, ANU College of Systems and Society, The Australian National Universityen
local.contributor.affiliationFlint, Shayne; School of Computing, ANU College of Systems and Society, The Australian National Universityen
local.contributor.affiliationZomaya, Albert Y.; University of Sydneyen
local.identifier.ariespublicationu4334215xPUB1579en
local.identifier.doi10.1007/978-3-319-19848-4_4en
local.identifier.essn1611-3349en
local.identifier.pured84bc806-3dfc-4d3f-a583-94818bc75bcden
local.identifier.urlhttps://www.scopus.com/pages/publications/84947924369en
local.type.statusPublisheden

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