Analyzing Market-Based Resource Allocation Strategies for the Computational Grid

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

The International Journal of High Performance Computing Applications, Sage Science Press, Volume 15, number 3, Fall, 2001, pages 258-281.

See http://www.sagesciencepress.com/ for Sage Science Press's web pages. The precursor to this paper was the conference paper, available here.

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:

author          R. Wolski and J. S. Plank and J. Brevik and T. Bryan
title           Analyzing Market-Based Resource Allocation Strategies
                for the Computational Grid
journal         International Journal of High Performance Computing
                Applications
publisher       Sage Science Press
Volume          15
number          3
month           Fall
year            2001
pages           258-281
url             http://web.eecs.utk.edu/~jplank/plank/papers/IJHPCA01.html

Bibtex:

@ARTICLE{wpbb:01:amb,
        author = "R. Wolski and J. S. Plank and J. Brevik and T. Bryan",
        title = "Analyzing Market-Based Resource Allocation Strategies
                for the Computational Grid",
        journal = "International Journal of High Performance Computing
                Applications",
        publisher = "Sage Science Press",
        Volume = "15",
        number = "3",
        month = "Fall",
        year = "2001 ",
        pages = "258-281",
        url = "http://web.eecs.utk.edu/~jplank/plank/papers/IJHPCA01.html"
}