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Maximizing revenue in Grid markets using an economically enhanced resource manager

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10.1002/cpe.1370
 
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hdl:2117/6545

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Macías Lloret, MarioMés informació
Rana, Omer
Smith, Garry
Guitart Fernández, JordiMés informacióMés informacióMés informació
Torres Viñals, JordiMés informacióMés informacióMés informació
Document typeArticle
Defense date2008-09-01
Rights accessRestricted access - publisher's policy
All rights reserved. This work is protected by the corresponding intellectual and industrial property rights. Without prejudice to any existing legal exemptions, reproduction, distribution, public communication or transformation of this work are prohibited without permission of the copyright holder
Abstract
Traditional resource management has had as its main objective the optimization of throughput, based on parameters such as CPU, memory, and network bandwidth. With the appearance of Grid markets, new variables that determine economic expenditure, benefit and opportunity must be taken into account. The Self-organizing ICT Resource Management (SORMA) project aims at allowing resource owners and consumers to exploit market mechanisms to sell and buy resources across the Grid. SORMA’s motivation is to achieve efficient resource utilization by maximizing revenue for resource providers and minimizing the cost of resource consumption within a market environment. An overriding factor in Grid markets is the need to ensure that the desired quality of service levels meet the expectations of market participants. This paper explains the proposed use of an economically enhanced resource manager (EERM) for resource provisioning based on economic models. In particular, this paper describes techniques used by the EERM to support revenue maximization across multiple service level agreements and provides an application scenario to demonstrate its usefulness and effectiveness.
CitationMacías, M. [et al.]. Maximizing revenue in Grid markets using an economically enhanced resource manager. "Concurrency and computation. Practice and experience", 01 Setembre 2008. 
URIhttp://hdl.handle.net/2117/6545
DOI10.1002/cpe.1370
ISSN1532-0626
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  • Departament d'Arquitectura de Computadors - Articles de revista [910]
  • CAP - Grup de Computació d'Altes Prestacions - Articles de revista [370]
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