The GridEcon Platform: A Business Scenario Testbed for Commercial Cloud Services

Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 5745)


Within this paper, we present the GridEcon Platform, a testbed for designing and evaluating economics-aware services in a commercial Cloud computing setting. The Platform is based on the idea that the exact working of such services is difficult to predict in the context of a market and, therefore, an environment for evaluating its behavior in an emulated market is needed. To identify the components of the GridEcon Platform, a number of economics-aware services and their interactions have been envisioned. The two most important components of the platform are the Marketplace and the Workflow Engine. The Workflow Engine allows the simple composition of a market environment by describing the service interactions between economics-aware services. The Marketplace allows trading goods using different market mechanisms. The capabilities of these components of the GridEcon Platform in conjunction with the economics-aware services are described in this paper in detail. The validation of an implemented market mechanism and a capacity planning service using the GridEcon Platform also demonstrated the usefulness of the GridEcon Platform.


Cloud computing Grid computing marketplace for computing resources market-based resource allocation service-oriented architectures utility computing market emulation tool market mechanism 


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Copyright information

© Springer-Verlag Berlin Heidelberg 2009

Authors and Affiliations

  1. 1.TEMEP, School of Industrial and Management Engineering College of EngineeringSeoul National UniversitySeoulSouth Korea
  2. 2.Department of ComputingImperial College LondonLondonUK
  3. 3.Real Time Limited Lochside HouseEdinburghUK
  4. 4.Department of Computer ScienceAthens University of Economics and BusinessAthensGreece

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