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GridEcon - A Market Place for Computing Resources

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Authors
Altmann, Jorn; Courcoubetis, Costas; Stamoulis, George D.; Dramitinos, Manos; Rayna, Thierry; Risch, Marcel; Bannink, Chris
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 GridsGrid ComputingBusiness ModelsGrid EconomicsUtility ComputingMarket MechanismsGrid Market Place
Abstract
This paper discusses the rationales for a Grid market and, in particular, the introduction of a market place for trading commoditized computing resources. The market place proposed makes computing resources from different providers substitutable through virtualization. This includes the definition of a spot and future market as well as the parameters that a market mechanism for computing resources should consider. The above market place is complemented by a set of value-added services (e.g. insurance against resource failures, capacity planning, resource quality assurance, stable price offering) that ensure quality for Grid users over time. The market place technology for all of the above services has been designed by the GridEcon project, contributing to a broader adoption of Grid technology and enabling a service-oriented knowledge utility environment.
Language
English
URI
http://hdl.handle.net/10371/6771
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College of Engineering/Engineering Practice School (공과대학/대학원)Program in Technology, Management, Economics and Policy (협동과정-기술·경영·경제·정책전공)Others_협동과정-기술·경영·경제·정책전공
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