SORMA --- Business Cases for an Open Grid Market: Concept and Implementation

  • Authors:
  • Jens Nimis;Arun Anandasivam;Nikolay Borissov;Garry Smith;Dirk Neumann;Niklas Wirström;Erel Rosenberg;Matteo Villa

  • Affiliations:
  • FZI Forschungszentrum Informatik Karlsruhe, Germany;Institute of Information Systems and Management (IISM), University of Karlsruhe, Germany;Institute of Information Systems and Management (IISM), University of Karlsruhe, Germany;School of Systems Engineering, University of Reading, UK;Department of Information Systems, University of Freiburg, Germany;Swedish Institute of Computer Science, Sweden;Correlation Systems Ltd., Isreal;TXT e-Solutions, Italy

  • Venue:
  • GECON '08 Proceedings of the 5th international workshop on Grid Economics and Business Models
  • Year:
  • 2008

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Abstract

Economic mechanisms enhance technological solutions by setting the right incentives to reveal information about demand and supply accurately. Market or pricing mechanisms are ones that foster information exchange and can therefore attain efficient allocation. By assigning a value (also called utility) to their service requests, users can reveal their relative urgency or costs to the service. The implementation of theoretical sound models induce further complex challenges. The EU-funded project SORMA analyzes these challenges and provides a prototype as a proof-of-concept. In this paper the approach within the SORMA-project is described on both conceptual and technical level.