The GridEcon Platform: A Business Scenario Testbed for Commercial Cloud Services

Marcel Risch (), Jörn Altmann, Li Guo, Alan Fleming and Costas Courcoubetis
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Costas Courcoubetis: Technology Management, Economics, and Policy Program (TEMEP), Seoul National University

No 201039, TEMEP Discussion Papers from Seoul National University; Technology Management, Economics, and Policy Program (TEMEP)

Abstract: Within this paper, we present the GridEcon Platform, a testbed for designing and evaluating economics-aware services in a commercial Cloud computing setting. The Platform is based on the idea that the exact working of such services is difficult to predict in the context of a market and, therefore, an environment for evaluating its behavior in an emulated market is needed. To identify the components of the GridEcon Platform, a number of economics-aware services and their interactions have been envisioned. The two most important components of the platform are the Marketplace and the Workflow Engine. The Workflow Engine allows the simple composition of a market environment by describing the service interactions between economics-aware services. The Marketplace allows trading goods using different market mechanisms. The capabilities of these components of the GridEcon Platform in conjunction with the economics-aware services are described in this paper in detail. The validation of an implemented market mechanism and a capacity planning service using the GridEcon Platform also demonstrated the usefulness of the GridEcon Platform.

Keywords: Cloud computing; Grid computing; marketplace for computing resources; market-based resource allocation; service-oriented architectures; utility computing; market emulation tool; market mechanism (search for similar items in EconPapers)
JEL-codes: C15 C51 C53 C61 C63 C65 D40 D44 L11 L21 L22 L86 M15 M21 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2010-01, Revised 2010-01
New Economics Papers: this item is included in nep-cmp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published in GECON 2009, Workshop on Grid Economics and Business Models, Springer LNCS, Delft, Netherlands, August 2009

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Persistent link: https://EconPapers.repec.org/RePEc:snv:dp2009:201039

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