Probability Density for Amazon Spot Instance Price | IEEE Conference Publication | IEEE Xplore

Probability Density for Amazon Spot Instance Price


Abstract:

In this paper, we develop a technique to calculate probability density of Amazon Spot Instance (SI) price. We consider both of the curve-fitting and historical similariti...Show More

Abstract:

In this paper, we develop a technique to calculate probability density of Amazon Spot Instance (SI) price. We consider both of the curve-fitting and historical similarities to compute the probability density of the SI price. Traditional SI bidding systems compute the bid price as a single value. That single value may not be suitable for all bidders. Different bidders have different urgency and preferences. The probability density of price may help users setting a bid-price considering both the urgency of the task and the condition of the market.
Date of Conference: 13-15 February 2019
Date Added to IEEE Xplore: 08 July 2019
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Conference Location: Melbourne, VIC, Australia

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