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G-commerce: Market formulations controlling resource allocation on the computational grid

By Rich Wolski, James S. Plank and Todd Bryan

Abstract

In this paper, we investigate G-commerce — computational economies for controlling resource allocation in Computational Grid settings. We define hypothetical resource consumers (representing users and Grid-aware applications) and resource producers (representing resource owners who “sell ” their resources to the Grid). We then measure the efficiency of resource allocation under two different market conditions: commodities markets and auctions. We compare both market strategies in terms of price stability, market equilibrium, consumer efficiency, and producer efficiency. Our results indicate that commodities markets are a better choice for controlling Grid resources than previously defined auction strategies. 1

Year: 2001
OAI identifier: oai:CiteSeerX.psu:10.1.1.133.9499
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