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

Listed author(s):
  • Marcel Risch


  • Jorn Altmann


  • Li Guo
  • Alan Fleming
  • Costas Courcoubetis

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

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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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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