Optimal Bidding Strategy for VM Spot Instances for Cloud Computing 


Vol. 40,  No. 9, pp. 1802-1807, Sep.  2015


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  Abstract

The cloud computing service provides physical IT resources to VM instances to users using virtual technique and the users pay cost of VM instances to service provider. The auction model based on cloud computing provides available resources of service provider to users through auction mechanism. The users bid spot instances to process their a job until its deadline time. If the bidding price of users is higher than the spot price, the user will be provided the spot instances by service provider. In this paper, we propose a new bidding strategy to minimize the total cost for job completion. Typically, the users propose bidding price as high as possible to get the spot instances and the spot price get high. we lower the spot price using proposed strategy and minimize the total cost for job completion. To evaluate the performance of our strategy, we compare the spot price and the total cost for job completion with real workload data.

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  Cite this article

[IEEE Style]

Y. Choi, Y. Lim, J. Park, "Optimal Bidding Strategy for VM Spot Instances for Cloud Computing," The Journal of Korean Institute of Communications and Information Sciences, vol. 40, no. 9, pp. 1802-1807, 2015. DOI: .

[ACM Style]

Yeongho Choi, Yujin Lim, and Jaesung Park. 2015. Optimal Bidding Strategy for VM Spot Instances for Cloud Computing. The Journal of Korean Institute of Communications and Information Sciences, 40, 9, (2015), 1802-1807. DOI: .

[KICS Style]

Yeongho Choi, Yujin Lim, Jaesung Park, "Optimal Bidding Strategy for VM Spot Instances for Cloud Computing," The Journal of Korean Institute of Communications and Information Sciences, vol. 40, no. 9, pp. 1802-1807, 9. 2015.

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pISSN : 1226 - 4717
eISSN : 2287 - 3880