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Cost Analysis of Current Grids and its Implications for Future Grid Markets
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- Authors
- Issue Date
- 2008-08
- Publisher
- Springer LNCS
- Citation
- GECON 2008, Workshop on Grid Economics and Business Models, Springer LNCS, Las Palmas, Spain, August 2008
- Keywords
- Commercial Grids ; Grid Computing ; Business Models ; Cost Modeling ; Capacity Planning ; Grid Economics ; Utility Computing ; Markets
- Abstract
- Commercial Grid markets have been a topic of research for many
years. Many claims about the advantages of trading computing resources on
markets have been made. However, due to a lack of Grid computing offerings,
these claims could not be verified. This paper analyzes the question whether
using the Grid is financially advantageous, using the Amazon.com EC2 service
as a reference. To perform this analysis, the costs of computing resources in
different usage scenarios are calculated, if Grid resources and in-house
resources are used. The comparison of the costs reveals that while the Grid is
cheaper in the short term, it is not a good investment in the long term and, thus,
the existence of a Grid economy will not lead to an end of ownership but rather
to a reduction in in-house resources and more efficient resource usage.
- Language
- English
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