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SipaaS : Spot instance pricing as a Service framework and its implementation in OpenStack
Author(s) -
Nadjaran Toosi Adel,
Khodadadi Farzad,
Buyya Rajkumar
Publication year - 2015
Publication title -
concurrency and computation: practice and experience
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.309
H-Index - 67
eISSN - 1532-0634
pISSN - 1532-0626
DOI - 10.1002/cpe.3749
Subject(s) - cloud computing , computer science , spot market , dynamic pricing , virtual machine , spot contract , profit maximization , service provider , web service , profit (economics) , database , service (business) , world wide web , operating system , business , finance , engineering , electricity , futures contract , marketing , economics , electrical engineering , microeconomics
Summary Designing dynamic pricing mechanisms that efficiently price resources in line with a provider's profit maximization goal is a key challenge in cloud computing environments. Despite the large volume of research published on this topic, there is no publicly available software system implementing dynamic pricing for Infrastructure as a Service cloud spot markets. This paper presents the implementation of a framework called Spot instance pricing as a Service (SipaaS) that supports an auction mechanism to price and allocate virtual machine instances. SipaaS is an open‐source project offering a set of web services to price and sell virtual machine instances in a spot market resembling the Amazon EC2 spot instances. Cloud providers, who aim at utilizing SipaaS, should install add‐ons in their existing platform to make use of the framework. As an instance, we provide an extension to the Horizon – the OpenStack dashboard project – to employ SipaaS web services and to add a spot market environment to OpenStack. To validate and evaluate the system, we conducted an experimental study with a group of 10 users utilizing the provided spot market in a real environment. Results show that the system performs reliably in a practical test environment. Copyright © 2015 John Wiley & Sons, Ltd.