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GridEcon: A Market Place for Computing Resources

  • Jörn Altmann
  • Costas Courcoubetis
  • George D. Stamoulis
  • Manos Dramitinos
  • Thierry Rayna
  • Marcel Risch
  • Chris Bannink
Part of the Lecture Notes in Computer Science book series (LNCS, volume 5206)

Abstract

This paper discusses the rationales for a Grid market and, in particular, the introduction of a market place for trading commoditized computing resources. The market place proposed makes computing resources from different providers substitutable through virtualization. This includes the definition of a spot and future market as well as the parameters that a market mechanism for computing resources should consider. The above market place is complemented by a set of value-added services (e.g. insurance against resource failures, capacity planning, resource quality assurance, stable price offering) that ensure quality for Grid users over time. The market place technology for all of the above services has been designed by the GridEcon project, contributing to a broader adoption of Grid technology and enabling a service-oriented knowledge utility environment.

Keywords

Commercial Grids Grid Computing Business Models Grid Economics Utility Computing Market Mechanisms Grid Market Place 

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Copyright information

© Springer-Verlag Berlin Heidelberg 2008

Authors and Affiliations

  • Jörn Altmann
    • 1
    • 5
  • Costas Courcoubetis
    • 2
  • George D. Stamoulis
    • 2
  • Manos Dramitinos
    • 2
  • Thierry Rayna
    • 4
  • Marcel Risch
    • 1
  • Chris Bannink
    • 3
  1. 1.School of Information TechnologyInternational University in GermanyBruchsalGermany
  2. 2.Network Economics and Services Group (N.E.S.), Department of InformaticsAthens University of Economics and Business (AUEB)AthensGreece
  3. 3.Logica Management ConsultingAmstelveenThe Netherlands
  4. 4.Internet CentreImperial College LondonLondonUK
  5. 5.TEMEP, School of EngineeringSeoul National UniversitySeoulSouth Korea

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