Economically enhanced resource management for internet service utilities

Authors:
Tim Püschel;Nikolay Borissov;Mario Macías;Dirk Neumann;Jordi Guitart;Jordi Torres
Affiliations:
Barcelona Supercomputing Center, Technical University of Catalonia, Barcelona, Spain and Institute of Information Systems and Management, Universität Karlsruhe, Karlsruhe, Germany;Institute of Information Systems and Management, Universität Karlsruhe, Karlsruhe, Germany;Barcelona Supercomputing Center, Technical University of Catalonia, Barcelona, Spain;Institute of Information Systems and Management, Universität Karlsruhe, Karlsruhe, Germany;Barcelona Supercomputing Center, Technical University of Catalonia, Barcelona, Spain;Barcelona Supercomputing Center, Technical University of Catalonia, Barcelona, Spain
Venue:
WISE'07 Proceedings of the 8th international conference on Web information systems engineering
Year:
2007

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Abstract

As competition on global markets increases the vision of utility computing gains more and more interest. To attract more providers it is crucial to improve the performance in commercialization of resources. This makes it necessary to not only base components on technical aspects, but also to include economical aspects in their design. This work presents an framework for an Economically Enhanced Resource Manager (EERM) which features enhancements to technical resource management like dynamic pricing and client classification. The introduced approach is evaluated considering various economic design criteria and example scenarios. Our preliminary results, e.g. an increase in achieved revenue from 77% to 92% of the theoretic maximum in our first scenario, show that our approach is very promising.