RetroRenting: An Online Policy for Service Caching at the Edge

The rapid proliferation of shared edge computing platforms has enabled application service providers to deploy a wide variety of services with stringent latency and high bandwidth requirements. A key advantage of these platforms is that they provide pay-as-you-go flexibility by charging clients in proportion to their resource usage through short-term contracts. This affords the client significant cost-saving opportunities, by dynamically deciding when to host (cache) its service on the platform, depending on the changing intensity of requests. A natural caching policy for our setting is the Time-To-Live (TTL) policy. We show that TTL performs poorly both in the adversarial arrival setting, i.e., in terms of the competitive ratio, and for i.i.d. stochastic arrivals with low arrival rates, irrespective of the value of the TTL timer. We propose an online caching policy called RetroRenting (RR) and show that in the class of deterministic online policies, RR is order-optimal with respect to the competitive ratio. In addition, we provide performance guarantees for RR for i.i. d. stochastic arrival processes and prove that it compares well with the optimal online policy. Further, we conduct simulations using both synthetic and real world traces to compare the performance of RR and its variants with the optimal offline and online policies. The simulations show that the performance of RR is near optimal for all settings considered. Our results illustrate the universality of RR.