Grid Service Discovery in the Financial Markets Sector

Investment Banking requires a diverse system set in supporting a range of markets from bonds to trading options on weather. The challenge to this community is the ability to adapt to new business requirements in an effective manner, utilizing their network of capabilities in a flexible, dynamic way. A semantic approach to discovery can be used in a pragmatic, practical manner. The use of richer explicit knowledge, that is system readable, provides the basis for discovering capabilities on this exemplar Business Grid—“the grid of services”. This design research project focuses on the utilization of disparate knowledge during discovery

A Web Services Component Discovery and Deployment Architecture for Simulation Model Reuse

CSPs are widely used in industry, although have yet to operate across organizational boundaries. Reuse across organizations is restricted by the same semantic issues that restrict the inter-organization use of web services. The current representations of web components are predominantly syntactic in nature lacking the fundamental semantic underpinning required to support discovery on the emerging semantic web. Semantic models, in the form of ontology, utilized by web service discovery and deployment architecture provide one approach to support simulation model reuse. Semantic interoperation is achieved through the use of simulation component ontology to identify required components at varying levels of granularity (including both abstract and specialized components). Selected simulation components are loaded into a CSP, modified according to the requirements of the new model and executed. The paper presents the development carried out within CSPI-PDG and Fluidity Group at Brunel University, of an ontology, connector software and web service discovery architecture. The ontology is extracted from simulation scenarios involving airport, restaurant and kitchen service suppliers. The ontology engineering framework and discovery architecture provide a novel approach to inter-organization simulation, adopting a less intrusive interface between participants. Although specific to CSPs the work has wider implications for the simulation community

Semantic web service architecture for simulation model reuse

COTS simulation packages (CSPs) have proved popular in an industrial setting with a number of software vendors. In contrast, options for re-using existing models seem more limited. Re-use of simulation component models by collaborating organizations is restricted by the same semantic issues however that restrict the inter-organization use of web services. The current representations of web components are predominantly syntactic in nature lacking the fundamental semantic underpinning required to support discovery on the emerging semantic web. Semantic models, in the form of ontology, utilized by web service discovery and deployment architecture provide one approach to support simulation model reuse. Semantic interoperation is achieved through the use of simulation component ontology to identify required components at varying levels of granularity (including both abstract and specialized components). Selected simulation components are loaded into a CSP, modified according to the requirements of the new model and executed. The paper presents the development of ontology, connector software and web service discovery architecture in order to understand how such ontology are created, maintained and subsequently used for simulation model reuse. The ontology is extracted from health service simulation - comprising hospitals and the National Blood Service. The ontology engineering framework and discovery architecture provide a novel approach to inter- organization simulation, uncovering domain semantics and adopting a less intrusive interface between participants. Although specific to CSPs the work has wider implications for the simulation community

Business Grid Services

Grid services have come to represent the synthesis of web services and grid computing paradigms. Web services provide the means to modularize software, enabling loosely coupled and novel synthesis. Grid computing removes the binding between functional software components and specific hosting hardware, enabling software to be deployed dynamically over a network (e.g. intra-, extra- or inter-net). Applying the constructs of grid computing to the service orientation of enterprise software will allow business service networks to utilize more specialized services. An upper service ontology that enables business grid services to be described and then related to the grid hosting platform is presented. Explicit knowledge is required for enterprise software, hosting servers and the domain that can then be utilized by both SLA and reservation systems. The ontology presented is derived from and validated using a collection of web services taken from leading investment banks

Ontology engineering for simulation component reuse

Commercial-off-the-shelf (COTS) simulation packages (CSPs) are widely used in industry, although they have yet to operate across organizational boundaries. Reuse across organizations is restricted by the same semantic issues that restrict the inter-organizational use of web services. The current representations of web components are predominantly syntactic in nature lacking the fundamental semantic underpinning required to support discovery on the emerging semantic web. Semantic models, in the form of ontology, utilized by web service discovery and deployment architectures provide one approach to support simulation model reuse. Semantic interoperation is achieved through the use of simulation component ontologies to identify required components at varying levels of granularity (including both abstract and specialized components). Selected simulation components are loaded into a CSP, modified according to the requirements of the new model and executed. The paper presents the development of an ontology, connector software and web service discovery architecture. The ontology is extracted from simulation scenarios involving airport, restaurant and kitchen service suppliers. The ontology engineering framework and discovery architecture provide a novel approach to inter-organizational simulation, adopting a less intrusive interface between participants. Although specific to CSPs the work has wider implications for the simulation community

Semantic web services for simulation component reuse and interoperability: An ontology approach

Commercial-off-the-shelf (COTS) Simulation Packages (CSPs) are widely used in industry primarily due to economic factors associated with developing proprietary software platforms. Regardless of their widespread use, CSPs have yet to operate across organizational boundaries. The limited reuse and interoperability of CSPs are affected by the same semantic issues that restrict the inter-organizational use of software components and web services. The current representations of Web components are predominantly syntactic in nature lacking the fundamental semantic underpinning required to support discovery on the emerging Semantic Web. The authors present new research that partially alleviates the problem of limited semantic reuse and interoperability of simulation components in CSPs. Semantic models, in the form of ontologies, utilized by the authors’ Web service discovery and deployment architecture provide one approach to support simulation model reuse. Semantic interoperation is achieved through a simulation component ontology that is used to identify required components at varying levels of granularity (i.e. including both abstract and specialized components). Selected simulation components are loaded into a CSP, modified according to the requirements of the new model and executed. The research presented here is based on the development of an ontology, connector software, and a Web service discovery architecture. The ontology is extracted from simulation scenarios involving airport, restaurant and kitchen service suppliers. The ontology engineering framework and discovery architecture provide a novel approach to inter-organizational simulation, by adopting a less intrusive interface between participants Although specific to CSPs this work has wider implications for the simulation community. The reason being that the community as a whole stands to benefit through from an increased awareness of the state-of-the-art in Software Engineering (for example, ontology-supported component discovery and reuse, and service-oriented computing), and it is expected that this will eventually lead to the development of a unique Software Engineering-inspired methodology to build simulations in future

Service-oriented simulation using web ontology

Copyright © 2012 Inderscience Enterprises Ltd.Commercial-off-the-Shelf (COTS) Simulation Packages (CSPs) have proved popular in a wider industrial setting. Reuse of Simulation Component (SC) models by collaborating organisations or divisions is restricted, however, by the same semantic issues that restrict the inter-organisation use of other software services. Semantic models, in the form of ontology, utilised by a web-service-based discovery and deployment architecture provide one approach to support simulation model reuse. Semantic interoperation is achieved using domain-grounded SC ontology to identify reusable components and subsequently loaded into a CSP, and locally or remotely executed. The work is based on a health service simulation that addresses the transportation of blood. The ontology-engineering framework and discovery architecture provide a novel approach to inter-organisation simulation, uncovering domain semantics and providing a less intrusive mechanism for component reuse. The resulting web of component models and simulation execution environments present a nascent approach to simulation grids

Weight Assignment of Semantic Match using User Values and a Fuzzy Approach

Abstract. Automatic discovery of services is a crucial task for the eScience and e-Business communities. Finding a suitable way to address this issue has become one of the key points to convert the Web into a distributed source of computation, as it enables the location of distributed services to perform a required functionality. To provide such an automatic location, the discovery process should be based on the semantic match between a declarative description of the service being sought and a description being offered. This problem requires not only an algorithm to match these descriptions, but also a language to declaratively express the capabilities of services. The proposed matchmaking approach is based on semantic descriptions for service attributes, descriptions and metadata. For the ranking of service matches a match score is calculated whereby the weight values are either given by the user or estimated using a fuzzy approach