G-commerce: Market Formulations Controlling Resource Allocation on
the Computational Grid
James S. Plank,
John Brevik and
Technical Report UT-CS-00-450, University of Tennessee, October, 2000.
This paper was been submitted to IPDPS-01, and was accepted.
Here is a link to that paper, which is a
much shortened version of this paper.
Also, for further work in this area, see the journal version of the paper, in The
International Journal of High Performance Computing
CS-00-450.ps.gz as gzipped postscript and CS-00-450.pdf as PDF.
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.
- Plain Text:
author R. Wolski and J. S. Plank and J. Brevik and T. Bryan
title G-commerce: Market Formulations Controlling
Resource Allocation on the Computational Grid
institution University of Tennessee
author = "R. Wolski and J. S. Plank and J. Brevik and T. Bryan",
title = "G-commerce: Market Formulations Controlling
Resource Allocation on the Computational Grid",
institution = "University of Tennessee",
number = "UT-CS-00-450",
month = "October",
year = "2000",
url = "http://web.eecs.utk.edu/~plank/plank/papers/CS-00-450.html"