Spawn: A Distributed Computational Economy
IEEE Transactions on Software Engineering
The POPCORN market—an online market for computational resources
Proceedings of the first international conference on Information and computation economies
Future Generation Computer Systems - Special issue on metacomputing
GRID '02 Proceedings of the Third International Workshop on Grid Computing
Economic Scheduling in Grid Computing
JSSPP '02 Revised Papers from the 8th International Workshop on Job Scheduling Strategies for Parallel Processing
A computational economy for grid computing and its implementation in the Nimrod-G resource broker
Future Generation Computer Systems - Grid computing: Towards a new computing infrastructure
Computing System Reliability: Models And Analysis
Computing System Reliability: Models And Analysis
Balancing Risk and Reward in a Market-Based Task Service
HPDC '04 Proceedings of the 13th IEEE International Symposium on High Performance Distributed Computing
Analyzing Market-Based Resource Allocation Strategies for the Computational Grid
International Journal of High Performance Computing Applications
The GrADS Project: Software Support for High-Level Grid Application Development
International Journal of High Performance Computing Applications
Profitable services in an uncertain world
SC '05 Proceedings of the 2005 ACM/IEEE conference on Supercomputing
Computation-at-risk: employing the grid for computational risk management
CLUSTER '04 Proceedings of the 2004 IEEE International Conference on Cluster Computing
Software—Practice & Experience
Imprecise Computation Grid Application Model for Flexible Market-Based Resource Allocation
CCGRID '06 Proceedings of the Sixth IEEE International Symposium on Cluster Computing and the Grid
ICPP '06 Proceedings of the 2006 International Conference on Parallel Processing
DRIC: Dependable Grid Computing Framework
IEICE - Transactions on Information and Systems
Evaluating the reliability of computational grids from the end user's point of view
Journal of Systems Architecture: the EUROMICRO Journal
A commodity market algorithm for pricing substitutable Grid resources
Future Generation Computer Systems
A cost-effective critical path approach for service priority selections in grid computing economy
Decision Support Systems
Real option valuation on grid computing
Decision Support Systems
A Grid Model Design of Service-Oriented
IITAW '08 Proceedings of the 2008 International Symposium on Intelligent Information Technology Application Workshops
A Market Design for Grid Computing
INFORMS Journal on Computing
QoS based resource scheduling by computational economy in computational grid
Information Processing Letters
Faults in large distributed systems and what we can do about them
Euro-Par'05 Proceedings of the 11th international Euro-Par conference on Parallel Processing
GRUBER: a grid resource usage SLA broker
Euro-Par'05 Proceedings of the 11th international Euro-Par conference on Parallel Processing
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In this paper we develop a network equilibrium model for optimal pricing and resource allocation in Computational Grid Network. We consider a general network economy model with Grid Resource Providers, Grid Resource Brokers and Grid Users. The proposed framework allows for the modeling and theoretical analysis of Computational Grid Markets that considers a non-cooperative behavior of decision-makers in the same tier of the grid computing network (such as, for example, Grid Resource Providers) as well as cooperative behavior between tiers (between Resource Providers and Grid Brokers). We introduce risk management into the decision making process by analyzing the decision-marker's reliability and quality of service (QoS) requirement. We analyze resource allocation patterns as well as equilibrium price based on demand, supply, and cost structure of the grid computing market network. We specifically answer the following questions with several numerical examples: How do system reliability levels affect the QoS levels of the service providers and brokers under competition? How do system reliability levels affect the profits of resource providers and brokers in a competitive market? How do system reliability levels influence the pricing of the services in a competitive environment? How do users' service request types, QoS requirements, and timing concerns affect users' behaviors, costs and risks in equilibrium? How does the market mechanism allocate resources to satisfy the demands of users? We find that for users who request same services certain timing flexibility can not only reduce the costs but also lower the risks. The results indicated that the value of QoS can be efficiently priced based on the heterogeneous service demands.