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A marketplace and its market mechanism for trading commoditized computing resources
Cited 11 time in
Web of Science
Cited 19 time in Scopus
- Authors
- Publisher
- SPRINGER FRANCE
- Citation
- ANNALS OF TELECOMMUNICATIONS-ANNALES DES TELECOMMUNICATIONS; Vol.65 11-12; 653-667
- Keywords
- Grid economics ; Market scenario emulation ; Simulation ; Grid computing ; Utility computing ; Cloud computing ; Market mechanism design ; Computing resource market
- Abstract
- This paper presents the design and implementation of the GridEcon Marketplace. In addition to supporting a market mechanism for trading computing resources on a pay-per-use basis, this marketplace also provides an environment for integrating value-added support services. These value-added services help consumers to use the utility computing market more efficiently. The GridEcon Market Mechanism for virtual machines specifies in detail the unit-of-trade, the bids and asks, as well as the matching algorithm. The marketplace and market mechanism are validated by using the GridEcon Platform, which is a service-oriented platform for composing market scenarios. Our validation results show that the GridEcon Marketplace fulfills all functional requirements and that the GridEcon Market Mechanism is computationally and economically efficient.
- ISSN
- 0003-4347
- Language
- English
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