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The most powerful characteristic of any machine virtualization technology is its ability to adapt to both its underlying infrastructure and the applications it supports. Possibly the most dynamic feature of machine virtualization is the ability to migrate live virtual machines between physical hosts in order to optimize performance or avoid catastrophic events. Unfortunately, the need for live migration increases during times when resources are most scarce. For example, load-balancing is only necessary when load is significantly unbalanced and impending downtime often causes many virtual machines to seek new hosts simultaneously. It is imperative that live migration mechanisms be as fast and efficient as possible in order for virtualization to provide dynamic load balancing, zero-downtime scheduled maintenance, and automatic failover during unscheduled downtime.
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Nocentino et al. (2009) studied this question.
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