A marketplace and its market mechanism for trading commoditized computing resources

作者：Altmann Joern^*; Courcoubetis Costas; Risch Marcel

来源：Annales des Telecommunications, 2010, 65(11-12): 653-667.

DOI：10.1007/s12243-010-0183-1

• Grid economics
• Cloud computing
• Computing resource market
• Market mechanism design
• Utility computing
• Grid computing
• Simulation
• Market scenario emulation

This paper presents the design and implementation of the GridEcon Marketplace. In addition to supporting a market mechanism for trading computing resources on a pay-per-use basis, this marketplace also provides an environment for integrating value-added support services. These value-added services help consumers to use the utility computing market more efficiently. The GridEcon Market Mechanism for virtual machines specifies in detail the unit-of-trade, the bids and asks, as well as the matching algorithm. The marketplace and market mechanism are validated by using the GridEcon Platform, which is a service-oriented platform for composing market scenarios. Our validation results show that the GridEcon Marketplace fulfills all functional requirements and that the GridEcon Market Mechanism is computationally and economically efficient.

• 出版日期2010-12