IRMA-International.org: Creator of Knowledge
Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Survey on the Application of Economic and Market Theory for Grid Computing

Survey on the Application of Economic and Market Theory for Grid Computing
View Sample PDF
Author(s): Xia Xie (Huazhong University of Science and Technology, China), Jin Huang (Huazhong University of Science and Technology, China), Song Wu (Huazhong University of Science and Technology, China), Hai Jin (Huazhong University of Science and Technology, China), Melvin Koh (Asia Pacific Science & Technology Center, Sun Microsystems, Singapore), Jie Song (Asia Pacific Science & Technology Center, Sun Microsystems, Singapore)and Simon See (Asia Pacific Science & Technology Center, Sun Microsystems, Singapore)
Copyright: 2012
Pages: 19
Source title: Grid and Cloud Computing: Concepts, Methodologies, Tools and Applications
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-4666-0879-5.ch711

Purchase

View Survey on the Application of Economic and Market Theory for Grid Computing on the publisher's website for pricing and purchasing information.

Abstract

In this chapter, we present a survey on some of the commercial players in the Grid industry, existing research done in the area of market-based Grid technology and some of the concepts of dynamic pricing model that we have investigated. In recent years, it has been observed that commercial companies are slowly shifting from owning their own IT assets in the form of computers, software and so forth, to purchasing services from utility providers. Technological advances, especially in the area of Grid computing, have been the main catalyst for this trend. The utility model may not be the most effective model and the price still needs to be determined at the point of usage. In general, market-based approaches are more efficient in resource allocations, as it depends on price adjustment to accommodate fluctuations in the supply and demand. Therefore, determining the price is vital to the overall success of the market.

Related Content

Miloš Kotlar. © 2021. 4 pages.
Ivan Ratković, Miljan Djordjevic. © 2021. 13 pages.
Benjamin Berg, Mor Harchol-Balter. © 2021. 23 pages.
Bryan Donyanavard, Amir M. Rahmani, Axel Jantsch, Onur Mutlu, Nikil Dutt. © 2021. 33 pages.
Assefaw Gebremedhin, Mostofa Patwary, Fredrik Manne. © 2021. 22 pages.
Nenad Korolija, Jovan Popović, Miroslav M. Bojović. © 2021. 10 pages.
Christina Pacher. © 2021. 8 pages.
Body Bottom