TY - JOUR
T1 - Spot instance similarity and substitution effect in cloud spot market
AU - Singh, Vivek Kumar
AU - Shivendu, Shivendu
AU - Dutta, Kaushik
N1 - Customers in cloud spot market choose from a set of computing resources (spot instances) some of which are same along one or more of the dimensions of...
PY - 2022/5/30
Y1 - 2022/5/30
N2 - Customers in cloud spot market choose from a set of computing resources (spot instances) some of which are same along one or more of the dimensions of hardware configuration, hardware capacity, software, and location (or zones within the same region). While prior research in IS has shown that cloud market consumers do not substitute identical spot instances across distant locations or regions due to costs associated with latency, there is a paucity of research examining spot price dynamics of similar instances which are same along only some of the dimensions (or characteristics) within a region. Using the economic theory of substitution in production and consumption as our theoretical lens, our empirical analysis finds evidence that consumers substitute similar computing resources in the spot market. Further, we find that while hardware configuration similarity between two instances is positively related to spot …
AB - Customers in cloud spot market choose from a set of computing resources (spot instances) some of which are same along one or more of the dimensions of hardware configuration, hardware capacity, software, and location (or zones within the same region). While prior research in IS has shown that cloud market consumers do not substitute identical spot instances across distant locations or regions due to costs associated with latency, there is a paucity of research examining spot price dynamics of similar instances which are same along only some of the dimensions (or characteristics) within a region. Using the economic theory of substitution in production and consumption as our theoretical lens, our empirical analysis finds evidence that consumers substitute similar computing resources in the spot market. Further, we find that while hardware configuration similarity between two instances is positively related to spot …
UR - https://www.sciencedirect.com/science/article/pii/S0167923622000860
U2 - 10.1016/j.dss.2022.113815
DO - 10.1016/j.dss.2022.113815
M3 - Article
JO - Decision Support Systems
JF - Decision Support Systems
ER -