This paper argues that the technology of Grid computing has not yet been adopted in commercial settings due to the lack of viable business models. While in academia Grid technology has already been taken up, the sharing approach among non for-profit organizations is not suitable for enterprises. In this paper, the idea of a Grid market is taken up to overcome this Grid adoption gap. We propose a framework for building up a Grid market and identifies the associated economic and technical challenges. Based on this framework, we identify a catalogue of possible market mechanisms which offer a promising fit to the Grid environment's characteristics and which may thus help to carry the idea of Grid markets from theory to practice.
Abstract. Economic mechanisms enhance technological solutions by setting the right incentives to reveal information about demand and supply accurately. Market or pricing mechanisms are ones that foster information exchange and can therefore attain efficient allocation. By assigning a value (also called utility) to their service requests, users can reveal their relative urgency or costs to the service. The implementation of theoretical sound models induce further complex challenges. The EU-funded project SORMA analyzes these challenges and provides a prototype as a proof-of-concept. In this paper the approach within the SORMA-project is described on both conceptual and technical level.
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