Taxonomy of grid business models
GECON'07 Proceedings of the 4th international conference on Grid economics and business models
GridEcon - the economic-enhanced next-generation internet
GECON'07 Proceedings of the 4th international conference on Grid economics and business models
Capacity Planning in Economic Grid Markets
GPC '09 Proceedings of the 4th International Conference on Advances in Grid and Pervasive Computing
The GridEcon Platform: A Business Scenario Testbed for Commercial Cloud Services
GECON '09 Proceedings of the 6th International Workshop on Grid Economics and Business Models
Cost Optimization Model for Business Applications in Virtualized Grid Environments
GECON '09 Proceedings of the 6th International Workshop on Grid Economics and Business Models
A cost model for hybrid clouds
GECON'11 Proceedings of the 8th international conference on Economics of Grids, Clouds, Systems, and Services
Risk assessment in service provider communities
GECON'11 Proceedings of the 8th international conference on Economics of Grids, Clouds, Systems, and Services
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Commercial 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.