A company runs an uninterruptible Amazon EC2 workload on AWS 24 hours a day.

For workloads running 24/7 for a year, Standard Reserved Instances provide a significant discount compared to On-Demand pricing. Choosing the "All Upfront" payment option maximizes the cost savings as AWS offers the highest discount for upfront payments. Convertible Reserved Instances provide flexibility to change the instance type but usually at a slightly higher cost than Standard Reserved Instances. Compute Savings Plans offer cost savings, but in this scenario, the best optimization would be a combination of Standard Reserved Instances with All Upfront payment. Spot Instances are not suitable due to their interruptible nature.