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G-commerce: market formulations controlling resource allocation on the computational grid

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4 Author(s)
Wolski, R. ; Dept. of Comput. Sci., Tennessee Univ., Knoxville, TN, USA ; Plank, J.S. ; Bryan, T. ; Brevik, J.

In this paper we investigate G-commerce-computational economies for controlling resource allocation in Computational Grid settings. We define hypothetical resource consumers (representing users and Grid-aware applications) and resource producers (representing resource owners who “sell” their resources to the Grid). We then measure the efficiency of resource allocation under two different market conditions: commodities markets and auctions. We compare both market strategies in terms of price stability, market equilibrium, consumer efficiency, and producer efficiency. Our results indicate that commodities markets are a better choice for controlling Grid resources than previously defined auction strategies

Published in:

Parallel and Distributed Processing Symposium., Proceedings 15th International

Date of Conference:

Apr 2001