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Cost Analysis of Current Grids and its Implications for Future Grid Markets

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dc.contributor.authorRisch, Marcel-
dc.contributor.authorAltmann, Jorn-
dc.date.accessioned2009-08-10T04:58:55Z-
dc.date.available2009-08-10T04:58:55Z-
dc.date.issued2008-08-
dc.identifier.citationGECON 2008, Workshop on Grid Economics and Business Models, Springer LNCS, Las Palmas, Spain, August 2008en
dc.identifier.urihttps://hdl.handle.net/10371/6770-
dc.description.abstractCommercial 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.
en
dc.language.isoenen
dc.publisherSpringer LNCSen
dc.subjectCommercial Gridsen
dc.subjectGrid Computingen
dc.subjectBusiness Modelsen
dc.subjectCost Modelingen
dc.subjectCapacity Planningen
dc.subjectGrid Economicsen
dc.subjectUtility Computingen
dc.subjectMarketsen
dc.titleCost Analysis of Current Grids and its Implications for Future Grid Marketsen
dc.typeConference Paperen
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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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