A security architecture for computational grids
CCS '98 Proceedings of the 5th ACM conference on Computer and communications security
Managing capacity for telecommunications networks under uncertainty
IEEE/ACM Transactions on Networking (TON)
Multithreaded Algorithms for Pricing a Class of Complex Options
IPDPS '01 Proceedings of the 15th International Parallel & Distributed Processing Symposium
A Case for Economy Grid Architecture for Service Oriented Grid Computing
IPDPS '01 Proceedings of the 10th Heterogeneous Computing Workshop â"" HCW 2001 (Workshop 1) - Volume 2
Contingent Bids in Auctions: Availability, Commitment and Pricing of Computing as Utility
HICSS '04 Proceedings of the Proceedings of the 37th Annual Hawaii International Conference on System Sciences (HICSS'04) - Track 8 - Volume 8
Architecture independent parallel binomial tree option price valuations
Parallel Computing
Proceedings of the 35th conference on Winter simulation: driving innovation
Proceedings of the 35th conference on Winter simulation: driving innovation
Analyzing Market-Based Resource Allocation Strategies for the Computational Grid
International Journal of High Performance Computing Applications
The Anatomy of the Grid: Enabling Scalable Virtual Organizations
International Journal of High Performance Computing Applications
G-FRoM: Grid Resources Pricing A Fuzzy Real Option Model
E-SCIENCE '07 Proceedings of the Third IEEE International Conference on e-Science and Grid Computing
Eliciting honest value information in a batch-queue environment
GRID '07 Proceedings of the 8th IEEE/ACM International Conference on Grid Computing
Fuzzy Logic for Business, Finance, and Management
Fuzzy Logic for Business, Finance, and Management
GPC '09 Proceedings of the 4th International Conference on Advances in Grid and Pervasive Computing
Pricing Cloud Compute Commodities: A Novel Financial Economic Model
CCGRID '12 Proceedings of the 2012 12th IEEE/ACM International Symposium on Cluster, Cloud and Grid Computing (ccgrid 2012)
Financial Option Market Model for Federated Cloud Environments
UCC '12 Proceedings of the 2012 IEEE/ACM Fifth International Conference on Utility and Cloud Computing
The Journal of Supercomputing
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Use of grid resources has been free so far and a trend is developing to charge the users. The challenges that characterize a grid resource pricing model include the dynamic ability of the model to provide a high satisfaction guarantee measured as quality of service (QoS) - from users perspectives, profitability constraints - from the grid operator perspectives, and the ability to orchestrate grid resources for their availability on-demand. In this study, we design, develop, and simulate a grid resources pricing model that balances these constraints. We employ financial option theory and treat the grid resources as real assets to capture the realistic value of the grid compute commodities. We then price the grid resources by solving the finance model. We discuss the results on pricing of compute cycles based on the actual data of grid usage pattern obtained from the WestGrid and the SHARCNET. We extend and generalize our study to any computational grid.