Gridmarket: A Practical, Efficient Market Balancing Resource for Grid and P2P Computing

  • Ming Chen
  • Guangwen Yang
  • Xuezheng Liu
Conference paper

DOI: 10.1007/978-3-540-24680-0_99

Part of the Lecture Notes in Computer Science book series (LNCS, volume 3033)
Cite this paper as:
Chen M., Yang G., Liu X. (2004) Gridmarket: A Practical, Efficient Market Balancing Resource for Grid and P2P Computing. In: Li M., Sun XH., Deng Q., Ni J. (eds) Grid and Cooperative Computing. GCC 2003. Lecture Notes in Computer Science, vol 3033. Springer, Berlin, Heidelberg

Abstract

The emergency of computational Grid and Peer-to-Peer (P2P) computing system is promising to us. It challenges us to build a system to maximize collective utilities through presumed participants’ rational behavior. Although economic theories sound reasonable, many existent or proposed solutions based on that face problem of feasibility in practice. This paper proposes Gridmarket: an infrastructure relying on resource standardization, continuous double auction, and straightforward pricing algorithms which are based on price elasticity inherent in consumers and suppliers. Gridmarket efficiently equates resource’s demand with supply through continuous double auction and price tracing mechanism in the required price ranges. Software agent employing Gridmarket’s schedule is easy to write. To demonstrate its efficacy and efficiency, we have designed, built a simulation prototype and found the experiments promising.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer-Verlag Berlin Heidelberg 2004

Authors and Affiliations

  • Ming Chen
    • 1
  • Guangwen Yang
    • 1
  • Xuezheng Liu
    • 1
  1. 1.Dept. of Computer Science and TechnologyTsinghua University 

Personalised recommendations