Comparison of pricing policies for a computational grid market

Authors:
Omer Ozan Sonmez;Attila Gursoy
Affiliations:
Dept. of Computer Engineering, Koç University, Istanbul, Turkey;Dept. of Computer Engineering, Koç University, Istanbul, Turkey
Venue:
PPAM'05 Proceedings of the 6th international conference on Parallel Processing and Applied Mathematics
Year:
2005

Citing 7
Cited 0

Spawn: A Distributed Computational Economy

IEEE Transactions on Software Engineering
A Web marketing system with automatic pricing

Proceedings of the 9th international World Wide Web conference on Computer networks : the international journal of computer and telecommunications netowrking
A taxonomy and survey of grid resource management systems for distributed computing

Software—Practice & Experience
Architectural Models for Resource Management in the Grid

GRID '00 Proceedings of the First IEEE/ACM International Workshop on Grid Computing
Mariposa: a wide-area distributed database system

The VLDB Journal — The International Journal on Very Large Data Bases
Compute Power Market: Towards a Market-Oriented Grid

CCGRID '01 Proceedings of the 1st International Symposium on Cluster Computing and the Grid
A market-oriented programming environment and its application to distributed multicommodity flow problems

Journal of Artificial Intelligence Research

Quantified Score

Hi-index	0.00

Visualization

Abstract

In this paper, we demonstrate and discuss the economical results of applying a fixed, a dynamic and a stochastic approximation based pricing policy in a free commodity market model designed for computational grids. We present the pricing policies and our economy-driven scheduling heuristic as a part of our market model in which we assume resource owners desire to profit or recover their costs, and users desire to execute their jobs within the limits of their budget and time. The comparison experiments revealed that our dynamic pricing policy is more successful as a means for achieving social welfare in the market.