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

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Author Info

  • Marcel Risch

    ()

  • Jorn Altmann

    ()

  • Li Guo
  • Alan Fleming
  • Costas Courcoubetis

    (Technology Management, Economics, and Policy Program (TEMEP), Seoul National University)

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.

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File URL: ftp://147.46.237.98/DP-39.pdf
File Function: First version, 2010
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Bibliographic Info

Paper provided by Seoul National University; Technology Management, Economics, and Policy Program (TEMEP) in its series TEMEP Discussion Papers with number 201039.

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Length: 18 pages
Date of creation: Jan 2010
Date of revision: Jan 2010
Publication status: Published in GECON 2009, Workshop on Grid Economics and Business Models, Springer LNCS, Delft, Netherlands, August 2009
Handle: RePEc:snv:dp2009:201039

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Related research

Keywords: Cloud computing; Grid computing; marketplace for computing resources; market-based resource allocation; service-oriented architectures; utility computing; market emulation tool; market mechanism;

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Citations

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Cited by:
  1. Ivan Breskovic & Ivona Brandic & Jorn Altmann, 2013. "Maximizing Liquidity in Cloud Markets through Standardization of Computational Resources," TEMEP Discussion Papers, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP) 2013100, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Feb 2013.
  2. Michael Maurera & Vincent C. Emeakarohaa & Ivona Brandica & Jorn Altmann, 2011. "Cost–Benefit Analysis of an SLA Mapping Approach for Defining Standardized Cloud Computing Goods," TEMEP Discussion Papers, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP) 201177, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Jul 2011.
  3. Ivan Breskovic & Jorn Altmann & Ivona Brandic, 2012. "Creating Standardized Products for Electronic Markets," TEMEP Discussion Papers, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP) 201296, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Sep 2012.
  4. Jorn Altmann & Costas Courcoubetis & Marcel Risch, 2010. "A Marketplace and its Market Mechanism for Trading Commoditized Computing Resources," TEMEP Discussion Papers, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP) 201059, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Mar 2010.

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