Grid Economics - Market Mechanisms for Grid Markets


Neumann, Dirk ; Veit, Daniel J. ; Weinhardt, Christof



Document Type: Book chapter
Year of publication: 2006
Book title: Grid Computing : Konzepte, Technologien, Anwendungen
Page range: 64-84
Publisher: Barth, Thomas
Place of publication: Wiesbaden
Publishing house: Vieweg
ISBN: 978-3-8348-0033-6
Publication language: English
Institution: Business School > Dieter-Schwarz-Stiftungslehrstuhl für ABWL, E-Business u. E-Government (Veit 2006-2013)
Subject: 330 Economics
Keywords (English): Grid Economics , Resource Allocation , Market Mechanisms for Computational Resources , Combinatorial Exchange
Abstract: In this work we describe a market based approach to conduct resource allocation problems in computational Grids. Currently, there is a lot of work done on the technical layer of resource allocation. However, the economic allocation of resources is still an open issue in research and more importantly in practical application. This work focuses on existing market mechanisms from different do- mains and shows possible applications in Grid scenarios. Most prom- ising – but also most demanding – approaches are combinatorial auctions and exchanges that include high bidding complexity. We show how such mechanisms can be applied to Grid markets and what bor- ders have to be passed in order to successfully deploy these mecha- nisms in future resource sharing markets.




Dieser Datensatz wurde nicht während einer Tätigkeit an der Universität Mannheim veröffentlicht, dies ist eine Externe Publikation.




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