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Authors: Benedikt Pittl ; Werner Mach and Erich Schikuta

Affiliation: Faculty of Computer Science, University of Vienna and Austria

Keyword(s): Cloud Market, Cloud Portfolios, Cost Model, Cloud Economics.

Abstract: Today, Amazon is the Cloud service market leader with the EC2 platform. Three predominant marketspaces exist on this platform: spot marketspace, reservation marketspace, and the well-known on-demand marketspace. Also other providers such as Google, Microsoft and VirtuStream run multiple marketspaces. Consumers can purchase their virtual machines from different providers on different marketspace to form Cloud portfolios: a bundle of virtual machines whereby the virtual machines have different technical characteristics and pricing mechanisms. An industry-relevant research challenge is to provide best practices and guidelines for creating cost-efficient Cloud portfolios. In this paper, we used Amazon’s marketspaces and the dataset from the Bitbrains datacenter to analyze the cost-efficiency of heterogeneous Cloud portfolios - portfolios where the virtual machines are purchased from different marketspaces. We found out that heterogeneous portfolios are more cost-efficient than homogeneou s portfolios for almost all analyzed situations. Our analysis further revealed that consumers request virtual machines that are over-sized which forms a significant field of cost-optimization. A second dataset from the Bitbrains datacenter - from another domain of application - validates our findings. (More)

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Paper citation in several formats:
Pittl, B.; Mach, W. and Schikuta, E. (2019). Cost-evaluation of Cloud Portfolios: An Empirical Case Study. In Proceedings of the 9th International Conference on Cloud Computing and Services Science - CLOSER; ISBN 978-989-758-365-0; ISSN 2184-5042, SciTePress, pages 132-143. DOI: 10.5220/0007754601320143

@conference{closer19,
author={Benedikt Pittl. and Werner Mach. and Erich Schikuta.},
title={Cost-evaluation of Cloud Portfolios: An Empirical Case Study},
booktitle={Proceedings of the 9th International Conference on Cloud Computing and Services Science - CLOSER},
year={2019},
pages={132-143},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007754601320143},
isbn={978-989-758-365-0},
issn={2184-5042},
}

TY - CONF

JO - Proceedings of the 9th International Conference on Cloud Computing and Services Science - CLOSER
TI - Cost-evaluation of Cloud Portfolios: An Empirical Case Study
SN - 978-989-758-365-0
IS - 2184-5042
AU - Pittl, B.
AU - Mach, W.
AU - Schikuta, E.
PY - 2019
SP - 132
EP - 143
DO - 10.5220/0007754601320143
PB - SciTePress