This paper considers two simple pricing schemes for selling cloud instances and studies the trade-off between them. We characterize the equilibrium for the hybrid system where arriving jobs can choose between fixed or the market based pricing. We provide theoretical and simulation based evidence suggesting that fixed price generates a higher expected revenue than the hybrid system.
Two simple pricing schemes for selling Virtual Machine (VM) instances and the trade-off between them are studied in REF .
Fixed and market pricing for cloud services
2012 Proceedings IEEE INFOCOM Workshops
2012 Proceedings IEEE INFOCOM Workshops
Mathematics Computer Science