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A marketplace and its market mechanism for trading commoditized computing resources

Cited 11 time in Web of Science Cited 18 time in Scopus
Authors
Altmann, Joern; Courcoubetis, Costas; Risch, Marcel
Publisher
SPRINGER FRANCE
Citation
ANNALS OF TELECOMMUNICATIONS-ANNALES DES TELECOMMUNICATIONS; Vol.65 11-12; 653-667
Keywords
Grid economicsMarket scenario emulationSimulationGrid computingUtility computingCloud computingMarket mechanism designComputing 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
URI
https://hdl.handle.net/10371/74988
DOI
https://doi.org/10.1007/s12243-010-0183-1
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Appears in Collections:
College of Engineering/Engineering Practice School (공과대학/대학원)Dept. of Industrial Engineering (산업공학과)Journal Papers (저널논문_산업공학과)
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