Cloud Pricing: The Spot Market Strikes Back

Published Online:https://doi.org/10.1287/mnsc.2020.3907

References

  • Abhishek V, Kash IA, Key P (2012) Fixed and market pricing for cloud services. 2012 Proc. IEEE INFOCOM Workshops (IEEE, New York), 157–162.Google Scholar
  • Abhishek V, Kash IA, Key P (2017) Fixed and market pricing for cloud services. Preprint, submitted January 6, https://arxiv.org/abs/1201.5621.Google Scholar
  • Aféche P (2013) Incentive-compatible revenue management in queueing systems: Optimal strategic delay. Manufacturing Service Oper. Management 15(3):423–443.LinkGoogle Scholar
  • Agmon Ben-Yehuda O, Ben-Yehuda M, Schuster A, Tsafrir D (2013) Deconstructing Amazon EC2 spot instance pricing. ACM Trans. Econom. Comput. 1(3):16:1–16:20.Google Scholar
  • Azar Y, Kalp-Shaltiel I, Lucier B, Menache I, Naor J, Yaniv J (2015) Truthful online scheduling with commitments. Proc. 16th ACM Conf. Econom. Comput., (ACM, New York, NY), 715–732.Google Scholar
  • Babaioff M, Mansour Y, Nisan N, Noti G, Curino C, Ganapathy N, Menache I, Reingold O, Tennenholtz M, Timnat E (2017) Era: A framework for economic resource allocation for the cloud. Proc. 26th Internat. Conf. World Wide Web Companion, (International World Wide Web Conferences Steering Committee Republic and Canton of Geneva), 635–642.Google Scholar
  • Banerjee S, Riquelme C, Johari R (2015) Pricing in ride-share platforms: A queueing-theoretic approach. Proc. 16th ACM Conf. Econom. Comput. (ACM, New York), 639.Google Scholar
  • Barroso LA, Hölzle U, Ranganathan P (2018) The Datacenter as a Computer: Designing Warehouse-Scale Machines (Morgan & Claypool Publishers, San Rafael, CA).Google Scholar
  • Boodaghians S, Fusco F, Leonardi S, Mansour Y, Mehta R (2019) Online revenue maximization for server pricing. Preprint, submitted June 24, https://arxiv.org/abs/1906.09880.Google Scholar
  • Cohen MC, Keller PW, Mirrokni V, Zadimoghaddam M (2019) Overcommitment in cloud services: Bin packing with chance constraints. Management Sci. 65(7):3255–3271.LinkGoogle Scholar
  • Cooper RB (1981) Introduction to Queueing Theory (North Holland, Amsterdam).Google Scholar
  • Cortez E, Bonde A, Muzio A, Russinovich M, Fontoura M, Bianchini R (2017) Resource central: Understanding and predicting workloads for improved resource management in large cloud platforms. Proc. 26th Sympos. Operating Systems Principles, (ACM, New York, NY), 153–167.Google Scholar
  • Desai PS (2001) Quality segmentation in spatial markets: When does cannibalization affect product line design? Marketing Sci. 20(3):265–283.LinkGoogle Scholar
  • Dierks L, Seuken S (2019) Cloud pricing: The spot market strikes back [extended abstract]. Proc. 20th ACM Conf. Econom. Comput., (ACM, New York, NY), 593.Google Scholar
  • Dierks L, Seuken S (2020) The competitive effects of variance-based pricing. Proc. 29th International Joint Conference on Artificial Intelligence, Yokohama, Japan, 362–370.Google Scholar
  • Dierks L, Kash IA, Seuken S (2019) On the cluster admission problem for cloud computing. Proc. 14th Workshop Econom. Networks, Systems Comput. (ACM, New York), Article 8.Google Scholar
  • Gao J, Iyer K, Topaloglu H (2019) When fixed price meets priority auctions: Competing firms with different pricing and service rules. Stochastic Systems 9(1):47–80.LinkGoogle Scholar
  • Hassin R (2016) Rational Queueing (CRC Press, Boca Raton, FL).CrossrefGoogle Scholar
  • Hassin R, Haviv M (2003) To Queue or Not to Queue: Equilibrium Behavior in Queueing Systems (Kluwer Academic, Norwell, MA).CrossrefGoogle Scholar
  • Hoy D, Immorlica N, Lucier B (2016) On-demand or spot? Selling the cloud to risk-averse customers. Internat. Conf. Web an Internet Econom. (Springer-Verlag, Berlin, Heidelberg), 73–86.Google Scholar
  • Islam M, Ren X, Ren S, Wierman A (2018) A spot capacity market to increase power infrastructure utilization in multi-tenant data centers. 2018 IEEE Internat. Sympos. High Performance Computer Architecture, 776–788.Google Scholar
  • Jyothi SA, Curino C, Menache I, Narayanamurthy SM, Tumanov A, Yaniv J, Mavlyutov R, et al.. (2016) Morpheus: Toward automated SLOs for enterprise clusters. Proc. 12th USENIX Conf. Operating Systems Design Implementation, 117–134.Google Scholar
  • Kash IA, Key P (2016) Pricing the cloud. IEEE Internet Comput. 20(1):36–43.CrossrefGoogle Scholar
  • Kash IA, Key P, Suksompong W (2017) Simple pricing schemes for the cloud. Internat. Conf. Web Internet Econom., 311–324.Google Scholar
  • Maharjan S, Zhu Q, Zhang Y, Gjessing S, Basar T (2013) Dependable demand response management in the smart grid: A Stackelberg game approach. IEEE Trans. Smart Grid 4(1):120–132.CrossrefGoogle Scholar
  • Maskin E, Riley J (1984) Monopoly with incomplete information. RAND J. Econom. 15(2):171–196.CrossrefGoogle Scholar
  • Moorthy KS (1984) Market segmentation, self-selection, and product line design. Marketing Sci. 3(4):288–307.LinkGoogle Scholar
  • Mussa M, Rosen S (1978) Monopoly and product quality. J. Econom. Theory 18(2):301–317.CrossrefGoogle Scholar
  • Myerson RB (1981) Optimal auction design. Math. Oper. Res. 6(1):58–73.LinkGoogle Scholar
  • Shaked A, Sutton J (1982) Relaxing price competition through product differentiation. Rev. Econom. Stud. 49(1):3–13.CrossrefGoogle Scholar
  • Shi W, Zhang L, Wu C, Li Z, Lau FC (2014) An online auction framework for dynamic resource provisioning in cloud computing. The 2014 ACM International Conference on Measurement and Modeling of Computer Systems (ACM, New York), 71–83.Google Scholar
  • Subramanya S, Rizk A, Irwin D (2016) Cloud spot markets are not sustainable: The case for transient guarantees. 8th USENIX Workshop Hot Topics Cloud Comput., 13–18.Google Scholar
  • Varian HR (1989) Price discrimination. Handbook of Industrial Organization (Elsevier, Amsterdam), 597–654.Google Scholar
  • Wolff RW (1982) Poisson arrivals see time averages. Oper. Res. 30(2):223–231.LinkGoogle Scholar
  • Yan Y, Gao Y, Chen Y, Guo Z, Chen B, Moscibroda T (2016) Tr-spark: Transient computing for big data analytics. Proc. 7th ACM Sympos. Cloud Comput. (ACM, New York), 484–496.Google Scholar
  • Zaharia M, Borthakur D, Sen Sarma J, Elmeleegy K, Shenker S, Stoica I (2010) Delay scheduling: A simple technique for achieving locality and fairness in cluster scheduling. Proc. 5th Eur. Conf. Comput. Systems, 265–278.Google Scholar
  • Zhang L, Li Z, Wu C (2014) Dynamic resource provisioning in cloud computing: A randomized auction approach. 2014 IEEE Conf. Comput. Comm., 433–441.Google Scholar
  • Zhang H, Jiang H, Li B, Liu F, Vasilakos AV, Liu J (2016) A framework for truthful online auctions in cloud computing with heterogeneous user demands. IEEE Trans. Comput. 65(3):805–818.CrossrefGoogle Scholar
  • Zheng L, Joe-Wong C, Brinton CG, Tan CW, Ha S, Chiang M (2016) On the viability of a cloud virtual service provider. Performance Evaluation Rev. 44(1):235–248.CrossrefGoogle Scholar
  • Zhou R, Li Z, Wu C, Huang Z (2017) An efficient cloud market mechanism for computing jobs with soft deadlines. IEEE/ACM Trans. Networks 25(2):793–805.CrossrefGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.