Spot Pricing in the Cloud Ecosystem: A Comparative Investigation
(2016) In Journal of Systems and Software 114(1). p.1-19- Abstract
- Background: Spot pricing is considered as a significant supplement for building a full-fledged market economy for the Cloud ecosystem. However, it seems that both providers and consumers are still hesitating to enter the Cloud spot market. The relevant academic community also has conflicting opinions about Cloud spot pricing in terms of revenue generation.
Aim: This work aims to systematically identify, assess, synthesize and report the published evidence in favor of or against spot-price scheme compared with fixed-price scheme of Cloud computing, so as to help relieve the aforementioned conflict.
Method: We employed the systematic literature review (SLR) method to collect and investigate the empirical studies of Cloud... (More) - Background: Spot pricing is considered as a significant supplement for building a full-fledged market economy for the Cloud ecosystem. However, it seems that both providers and consumers are still hesitating to enter the Cloud spot market. The relevant academic community also has conflicting opinions about Cloud spot pricing in terms of revenue generation.
Aim: This work aims to systematically identify, assess, synthesize and report the published evidence in favor of or against spot-price scheme compared with fixed-price scheme of Cloud computing, so as to help relieve the aforementioned conflict.
Method: We employed the systematic literature review (SLR) method to collect and investigate the empirical studies of Cloud spot pricing indexed by major electronic libraries.
Results: This SLR identified 61 primary studies that either delivered discussions or conducted experiments to perform comparison between spot pricing and fixed pricing in the Cloud domain. The reported benefits and limitations were summarized to facilitate cost-benefit analysis of being a Cloud spot pricing player, while four types of theories were distinguished to help both researchers and practitioners better understand the Cloud spot market.
Conclusions: This SLR shows that the academic community strongly advocates the emerging Cloud spot market. Although there is still a lack of practical and easily deployable market-driven mechanisms, the overall findings of our work indicate that spot pricing plays a promising role in the sustainability of Cloud resource exploitation. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/8171502
- author
- Li, Zheng LU ; Zhang, He ; O'Brien, Liam ; Jiang, Shu ; Zhou, You ; Kihl, Maria LU and Ranjan, Rajiv
- organization
- publishing date
- 2016-04
- type
- Contribution to journal
- publication status
- published
- subject
- in
- Journal of Systems and Software
- volume
- 114
- issue
- 1
- pages
- 19 pages
- publisher
- Elsevier
- external identifiers
-
- wos:000370914300001
- scopus:84960130505
- ISSN
- 0164-1212
- DOI
- 10.1016/j.jss.2015.10.042
- project
- EIT_VR CLOUD Cloud Control
- LCCC
- language
- English
- LU publication?
- yes
- id
- b39fdcd3-7f2b-4959-a69d-c9d56a2b0aee (old id 8171502)
- date added to LUP
- 2016-04-01 14:36:38
- date last changed
- 2022-03-06 20:13:34
@article{b39fdcd3-7f2b-4959-a69d-c9d56a2b0aee,
abstract = {{Background: Spot pricing is considered as a significant supplement for building a full-fledged market economy for the Cloud ecosystem. However, it seems that both providers and consumers are still hesitating to enter the Cloud spot market. The relevant academic community also has conflicting opinions about Cloud spot pricing in terms of revenue generation.<br/><br>
Aim: This work aims to systematically identify, assess, synthesize and report the published evidence in favor of or against spot-price scheme compared with fixed-price scheme of Cloud computing, so as to help relieve the aforementioned conflict.<br/><br>
Method: We employed the systematic literature review (SLR) method to collect and investigate the empirical studies of Cloud spot pricing indexed by major electronic libraries.<br/><br>
Results: This SLR identified 61 primary studies that either delivered discussions or conducted experiments to perform comparison between spot pricing and fixed pricing in the Cloud domain. The reported benefits and limitations were summarized to facilitate cost-benefit analysis of being a Cloud spot pricing player, while four types of theories were distinguished to help both researchers and practitioners better understand the Cloud spot market.<br/><br>
Conclusions: This SLR shows that the academic community strongly advocates the emerging Cloud spot market. Although there is still a lack of practical and easily deployable market-driven mechanisms, the overall findings of our work indicate that spot pricing plays a promising role in the sustainability of Cloud resource exploitation.}},
author = {{Li, Zheng and Zhang, He and O'Brien, Liam and Jiang, Shu and Zhou, You and Kihl, Maria and Ranjan, Rajiv}},
issn = {{0164-1212}},
language = {{eng}},
number = {{1}},
pages = {{1--19}},
publisher = {{Elsevier}},
series = {{Journal of Systems and Software}},
title = {{Spot Pricing in the Cloud Ecosystem: A Comparative Investigation}},
url = {{https://lup.lub.lu.se/search/files/7608509/JSS_SpotPricing_v3_majorRevision.pdf}},
doi = {{10.1016/j.jss.2015.10.042}},
volume = {{114}},
year = {{2016}},
}