GridEcon: A Market Place for Computing Resources

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 o...

Full description

Saved in:
Bibliographic Details
Published inGrid Economics and Business Models pp. 185 - 196
Main Authors Altmann, Jörn, Courcoubetis, Costas, Stamoulis, George D., Dramitinos, Manos, Rayna, Thierry, Risch, Marcel, Bannink, Chris
Format Book Chapter
LanguageEnglish
Published Berlin, Heidelberg Springer Berlin Heidelberg
SeriesLecture Notes in Computer Science
Subjects
Business Models
Commercial Grids
Grid Computing
Grid Economics
Grid Market Place
Market Mechanisms
Utility Computing
Online AccessGet full text

Cover

More Information
Summary: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.
ISBN:3540854843
9783540854845
ISSN:0302-9743
1611-3349
DOI:10.1007/978-3-540-85485-2_15