Grid resource allocation and control using computational economies

Rich Wolski, James S. Plank, John Brevik and Todd Bryan

In Grid Computing: Making The Global Infrastructure a Reality F. Berman, G. Fox and A. Hey editors, John Wiley & Sons, 2003. See this link for a previous version of this paper.

Abstract

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

Citation Information

Plain Text:

.incollection   wbpb:03:gra
author          R. Wolski and J. Brevik and J. S. Plank and T. Bryan
title           Grid resource allocation and control using computational
                economies
booktitle       Grid Computing: Making The Global Infrastructure a Reality
editor          F. Berman and G. Fox and A. Hey
publisher       John Wiley \& Sons
isbn            0470853190
year            2003
where           http://web.eecs.utk.edu/~jplank/plank/papers/Grid03.html

Bibtex:

@INCOLLECTION{wbpb:03:gra,
        author = "R. Wolski and J. Brevik and J. S. Plank and T. Bryan",
        title = "Grid resource allocation and control using computational
                economies",
        booktitle = "Grid Computing: Making The Global Infrastructure a Reality",
        editor = "F. Berman and G. Fox and A. Hey",
        publisher = "John Wiley \& Sons",
        isbn = "0470853190",
        year = "2003",
        where = "http://web.eecs.utk.edu/~jplank/plank/papers/Grid03.html"
}