Advertisement

A Double Auction Economic Model for Grid Services

  • Liviu Joita
  • Omer F. Rana
  • W. Alex Gray
  • John Miles
Part of the Lecture Notes in Computer Science book series (LNCS, volume 3149)

Abstract

The use of a service-based approach in Grid computing will lead to such services becoming valuable economic commodities. Current economics models on the Internet are concerned with the creation, sale and purchase of commodities (generally information resources), and ways in which buyers and sellers interact in markets for them. Although several initiatives are engaged in the development of Grid technologies, Grid economy issues are yet to be fully addressed. A “Grid market” architecture based on the double auction economic model is proposed. Components of the design, and a prototype of the double auction model framework, which makes use of the Globus and Java CoG toolkits, are subsequently presented.

Keywords

Service User Service Level Agreement Reserved Price Grid Resource Grid Service 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. 1.
    Globus Security, See Web site at www.globus.org/security
  2. 2.
    Buyya, R., Abramson, D., Giddy, J., Stockinger, H.: Economic Models for Resource Management and Scheduling in Grid Computing(2002), Available at http://hst.home.cern.ch/hst/publications/emodelsgrid.pdf
  3. 3.
    K. Subramoniam, M. Maheswaran, and M. Toulouse, “A Micro-Economic Model for Resource Allocation in Grid Computing Systems. In: IEEE Canadian Conference on Electrical and Computer Engineer (CCECE 2002) (May 2002) Google Scholar
  4. 4.
    Wolski, R., Plank, J.S., Bryan, T., Brevik, J.: G-commerce: Market Formulations Controlling Resource Allocation on the Computational Grid. In: International Parallel and Distributed Processing Symposium (IPDPS), San Francisco, CA (April 2001)Google Scholar
  5. 5.
    Regev, O., Nisan, N.: The POPCORN Market - an Online Market for Computational Resources. In: First International Conference on Information and Computation Economies ICE 1998, October 25-28 (1998)Google Scholar
  6. 6.
    Newhouse, S.: GWD-R (draft-ggf-gesa-services-1), Global Grid Forum (June 2003)Google Scholar
  7. 7.
    Buyya, R.: Grid Economy: A Market Paradigm for Distributed Resource Management and Scheduling for Service Oriented Grid Computing, PhD Thesis, Monash University, Australia (2002)Google Scholar
  8. 8.
    Friedman, D., Rust, J.: Double Auction Market: Institutions, Theories, and Evidence. Perseus Publishing, Cambridge (1993)Google Scholar
  9. 9.
    Al-Ali, R., Rana, O., Walker, D., Jha, S., Sohail, S.: G-QoSM: Grid Service Discovery Using QoS Properties. Computing and Informatics Journal, Special Issue on Grid Computing 21(4), 363–382 (2002)zbMATHGoogle Scholar
  10. 10.
  11. 11.
    Joita, L., Rana, O., Burnap, P., Pahwa, J.S., Gray, A., Miles, J.: A Grid-Enabled Security Framework for Collaborative Virtual Organisations. In: 5th IFIP Working Conference on Virtual Enterprises (PRO-VE), Toulouse, France, August 22-27 (2004) (to appear)Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 2004

Authors and Affiliations

  • Liviu Joita
    • 1
  • Omer F. Rana
    • 1
  • W. Alex Gray
    • 1
  • John Miles
    • 2
  1. 1.School of Computer Science and Welsh eScience Centre 
  2. 2.School of EngineeringCardiff UniversityUK

Personalised recommendations