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.


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.

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