Real-Time Pricing Method for Spot Cloud Services with Non-Stationary Excess Capacity
نویسندگان
چکیده
Cloud operators face massive unused excess computing capacity with a stochastic non-stationary nature due to time-varying resource utilization peaks and troughs. Low-priority spot (pre-emptive) cloud services real-time pricing have been launched by many operators, which allow them maximize revenue while keeping the right reclaim capacities when scarcity occurs. However, non-stationarity of has two challenges: (1) it faces incomplete peak–trough pattern shifts in capacity, (2) suffers time space inefficiency optimal policy, needs search over large history-dependent policies state. Our objective was develop method scheme expected cumulative under We first formulated problem as Markov decision process. then developed an improved reinforcement learning algorithm obtain solution for problems. simulation experiments demonstrate that profitability proposed outperforms existing solutions. study provides both efficient optimization algorithms valuable insights into operators’ management practices.
منابع مشابه
A new adaptive exponential smoothing method for non-stationary time series with level shifts
Simple exponential smoothing (SES) methods are the most commonly used methods in forecasting and time series analysis. However, they are generally insensitive to non-stationary structural events such as level shifts, ramp shifts, and spikes or impulses. Similar to that of outliers in stationary time series, these non-stationary events will lead to increased level of errors in the forecasting pr...
متن کاملReal-time dynamic pricing in a non-stationary environment using model-free reinforcement learning
This paper examines the problem of establishing a pricing policy that maximizes the revenue for selling a given inventory by a fixed deadline. This problem is faced by a variety of industries, including airlines, hotels and fashion. Reinforcement learning algorithms are used to analyze how firms can both learn and optimize their pricing strategies while interacting with their customers. We show...
متن کاملPricing Strategy for Cloud Computing Services
The cloud services market exhibits unique characteristics such as instant accessibility, fluctuating demand and supply, and interruptible service provision. Various pricing mechanisms exist in current industry practice, however, none is comprehensive enough to capture all these features. In my work, I identify key factors related to cloud computing pricing. My dissertation includes three essays...
متن کاملPricing and Capacity Allocation for Shared Services
We study the pricing and capacity allocation problem of a service provider who serves two distinct customer classes. Customers within each class are inherently heterogeneous in their willingness to pay for service, but their utilities are also affected by the presence of other customers in the system. Specifically, customer utilities depend on how many customers are in the system at the time of...
متن کاملTraffic Management Tools for ATM Networks With Real-Time and Non-Real-Time Services
This presentation considers some practical issues of traffic management in ATM (Asynchronous Transfer Mode) networks. Firstly, we illustrate a fundamental dilemma of statistical multiplexing in ATM networks when small loss ratio, small delay and high utilization are expected at the same time. Although there are a lot of solutions to this problem, all of them have some disadvantages. Therefore i...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Sustainability
سال: 2023
ISSN: ['2071-1050']
DOI: https://doi.org/10.3390/su15043363