Abstract
Spot instance bid price is among one of the major issues in cloud computing. Bid price is aimed at complete execution of the work flow on spot instances while considering several job requirements such as hardware, latency, deadline and budget constraints. Several state-of-the-art spot bidding strategies have been proposed in the literature for executing jobs on Amazon EC2 spot instances. This paper presents different spot bidding strategies proposed by the authors. It highlights the objectives of each and provides the suitability of each of the proposed bidding strategies based on the type of application, its fault tolerance, job requirements and other constraints.
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