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Cost Analysis of Current Grids and Its Implications for Future Grid Markets

  • Conference paper
Grid Economics and Business Models (GECON 2008)

Part of the book series: Lecture Notes in Computer Science ((LNCCN,volume 5206))

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Abstract

Commercial Grid markets have been a topic of research for many years. Many claims about the advantages of trading computing resources on markets have been made. However, due to a lack of Grid computing offerings, these claims could not be verified. This paper analyzes the question whether using the Grid is financially advantageous, using the Amazon.com EC2 service as a reference. To perform this analysis, the costs of computing resources in different usage scenarios are calculated, if Grid resources and in-house resources are used. The comparison of the costs reveals that while the Grid is cheaper in the short term, it is not a good investment in the long term and, thus, the existence of a Grid economy will not lead to an end of ownership but rather to a reduction in in-house resources and more efficient resource usage.

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References

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Author information

Authors and Affiliations

  1. School of Information Technology, International University in Germany, Campus 3, 76646, Bruchsal, Germany

    Marcel Risch & Jörn Altmann

Authors
  1. Marcel Risch
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  2. Jörn Altmann
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Editor information

Jörn Altmann Dirk Neumann Thomas Fahringer

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© 2008 Springer-Verlag Berlin Heidelberg

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Risch, M., Altmann, J. (2008). Cost Analysis of Current Grids and Its Implications for Future Grid Markets. In: Altmann, J., Neumann, D., Fahringer, T. (eds) Grid Economics and Business Models. GECON 2008. Lecture Notes in Computer Science, vol 5206. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-85485-2_2

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  • DOI: https://doi.org/10.1007/978-3-540-85485-2_2

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-85484-5

  • Online ISBN: 978-3-540-85485-2

  • eBook Packages: Computer ScienceComputer Science (R0)

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