G-Commerce: Market Formulations Controlling Resource Allocation on the Computational Grid
R. Wolski, J. Plank, J Brevik, and T. Bryan
In this paper, we investigate G-commerce - computational economies for controlling resource allocation in ComputationalGrid 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.
Published 2000-10-01 05:00:00 as ut-cs-00-450 (ID:273)