An inspiration for solving grid resource management problems using multiple economic models

Authors:
Aminul Haque;Saadat M. Alhashmi;Rajendran Parthiban
Affiliations:
School of Information Technology, Monash University, Malaysia;School of Information Technology, Monash University, Malaysia;School of Engineering, Monash University, Malaysia
Venue:
GECON'11 Proceedings of the 8th international conference on Economics of Grids, Clouds, Systems, and Services
Year:
2011

Citing 8
Cited 0

G-commerce: Market Formulations Controlling Resource Allocation on the Computational Grid

IPDPS '01 Proceedings of the 15th International Parallel & Distributed Processing Symposium
Probabilistic Automated Bidding in Multiple Auctions

Electronic Commerce Research
A Grid service broker for scheduling e-Science applications on global data Grids: Research Articles

Concurrency and Computation: Practice & Experience - Middleware for Grid Computing
Resource allocation in grid computing: an economic model

WSEAS Transactions on Computer Research
Market-based grid resource allocation using a stable continuous double auction

GRID '07 Proceedings of the 8th IEEE/ACM International Conference on Grid Computing
Enabling the simulation of service-oriented computing and provisioning policies for autonomic utility grids

GECON'07 Proceedings of the 4th international conference on Grid economics and business models
A survey of economic models in grid computing

Future Generation Computer Systems
A conceptual framework for automated negotiation systems

IDEAL'06 Proceedings of the 7th international conference on Intelligent Data Engineering and Automated Learning

Quantified Score

Hi-index	0.00

Visualization

Abstract

Economic models can motivate resource providers to share resources across multiple administrations in Grid computing. Our survey on existing economic models in Grid computing identified that different economic models are suitable for different scenarios. In this paper, we conduct an experiment to quantify the strengths and weaknesses of widely proposed economic models in the Grid - Commodity Market, Continuous Double Auction, English Auction, Contract-Net-Protocol and Bargaining. Based on this experimental analysis, we identify regions where a particular economic model outperforms others. Then, we indicate that switching between the economic models could be used to maximize benefits in a specific scenario.