Resource provisioning in spot market-based cloud computing environments

Recently, cloud computing providers have started offering unused computational resources in the form of dynamically priced virtual machines (VMs), also known as “spot instances”. In spite of the apparent economical advantage, an intermittent nature is inherent to these biddable resources, which may cause VM unavailability. When an out-of-bid situation occurs, i.e. the current spot price goes above the user’s maximum bid, spot instances are terminated by the provider without prior notice. This thesis presents a study on employing cloud computing spot instances as a means of executing computational jobs on cloud computing resources. We start by proposing a resource management and job scheduling policy, named SpotRMS, which addresses the problem of running deadline-constrained compute-intensive jobs on a pool of low-cost spot instances, while also exploiting variations in price and performance to run applications in a fast and economical way. This policy relies on job runtime estimations to decide what are the best types of spot instances to run each job and when jobs should run. It is able to minimise monetary spending and make sure jobs finish within their deadlines. We also propose an improvement for SpotRMS, that addresses the problem of running compute-intensive jobs on a pool of intermittent virtual machines, while