Spawn: A Distributed Computational Economy
IEEE Transactions on Software Engineering
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
Libra: a computational economy-based job scheduling system for clusters
Software—Practice & Experience
Balancing Risk and Reward in a Market-Based Task Service
HPDC '04 Proceedings of the 13th IEEE International Symposium on High Performance Distributed Computing
GridIS: An Incentive-Based Grid Scheduling
IPDPS '05 Proceedings of the 19th IEEE International Parallel and Distributed Processing Symposium (IPDPS'05) - Papers - Volume 01
Incentive-based scheduling in Grid computing: Research Articles
Concurrency and Computation: Practice & Experience - Grid and Cooperative Computing (GCC2004)
Multiagent and Grid Systems - Smart Grid Technologies & Market Models
Tycoon: An implementation of a distributed, market-based resource allocation system
Multiagent and Grid Systems
Incentive-Based Scheduling for Market-Like Computational Grids
IEEE Transactions on Parallel and Distributed Systems
Combining batch execution and leasing using virtual machines
HPDC '08 Proceedings of the 17th international symposium on High performance distributed computing
Future Generation Computer Systems
Resource Leasing and the Art of Suspending Virtual Machines
HPCC '09 Proceedings of the 2009 11th IEEE International Conference on High Performance Computing and Communications
Virtual Infrastructure Management in Private and Hybrid Clouds
IEEE Internet Computing
Utility driven dynamic resource allocation using competitive markets in computational grid
Advances in Engineering Software
Negotiation for resource allocation in IaaS cloud
COMPUTE '11 Proceedings of the Fourth Annual ACM Bangalore Conference
Policy based resource allocation in IaaS cloud
Future Generation Computer Systems
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)
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Infrastructure as a Service IaaS offers hardware resources computing power, storage and network as a service to its customers. The customers order these resources in the form of a lease. Aim of any service provider is to make a leasing plan to maximize the number of accepted leases. Opennebula is popular open source toolkit for building IaaS cloud. Opennebula has its own lease manager and it can also be integrated with Haizea which is an open source lease manager. An economy based algorithm should focus on incentives of both the consumers and the providers. In this paper, an economy based leasing algorithm is developed and integrated with Haizea. This economy based algorithm takes care of incentives of both the parties i.e. customer and service provider. It uses the concept of optimization techniques to optimize the costs. The incentive for customers is lower cost of execution of its lease on the capable node as compare to existing non-economy based algorithms. If an appropriate resource is not found, then the algorithm uses negotiation on budget and resource demand; that increases the number of accepted lease. Thus, incentive for providers is an increase in profit as the amount of accepted leases increase. Experimental results show that the proposed economy based leasing algorithm reduces the cost of execution of the consumer's lease and increases the profit of the provider to a considerable extent.