Cost-evaluation of Cloud Portfolios: An Empirical Case Study

Benedikt Pittl, Werner Mach, Erich Schikuta

2019

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 homogeneous 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.

Paper Citation

in Harvard Style

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 - Volume 1: CLOSER, ISBN 978-989-758-365-0, pages 132-143. DOI: 10.5220/0007754601320143

in Bibtex Style

@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 - Volume 1: CLOSER,},
year={2019},
pages={132-143},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007754601320143},
isbn={978-989-758-365-0},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 9th International Conference on Cloud Computing and Services Science - Volume 1: CLOSER,
TI - Cost-evaluation of Cloud Portfolios: An Empirical Case Study
SN - 978-989-758-365-0
AU - Pittl B.
AU - Mach W.
AU - Schikuta E.
PY - 2019
SP - 132
EP - 143
DO - 10.5220/0007754601320143