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- W2761230843 abstract "Cloud outages may cause heavy economic losses for customers, who may ask the cloud provider for compensation. Cloud providers may therefore wish to insure themselves against that risk. Considering a scenario where outages take place according to a Poisson process and their duration follows a generalized Pareto model, we provide formulas to properly set the insurance premium under three measures of outage severity: number of outages, number of long outages, unavailability. We also assess the sustainability of refunds, by setting thresholds on unit refund per damaging events." @default.
- W2761230843 created "2017-10-20" @default.
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- W2761230843 date "2017-01-01" @default.
- W2761230843 modified "2023-09-23" @default.
- W2761230843 title "Insurance Pricing and Refund Sustainability for Cloud Outages" @default.
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- W2761230843 doi "https://doi.org/10.1007/978-3-319-68066-8_1" @default.
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