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A double auction economic model for grid services

Liviu, Joita, Rana, Omer Farooq, Gray, William Alexander and Miles, John 2004. A double auction economic model for grid services. Euro-Par 2004 parallel processing 3149 , pp. 409-416. 10.1007/978-3-540-27866-5_53

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The use of a service-based approach in Grid computing will lead to such services becoming valuable economic commodities. Current economics models on the Internet are concerned with the creation, sale and purchase of commodities (generally information resources), and ways in which buyers and sellers interact in markets for them. Although several initiatives are engaged in the development of Grid technologies, Grid economy issues are yet to be fully addressed. A “Grid market” architecture based on the double auction economic model is proposed. Components of the design, and a prototype of the double auction model framework, which makes use of the Globus and Java CoG toolkits, are subsequently presented.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Computer Science & Informatics
Subjects: Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Publisher: Springer Verlag
ISBN: 978354022924
ISSN: 0302-9743
Last Modified: 04 Jun 2017 04:43

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