Global Pricing in Large Scale Computational Markets

Chourou, Lilia; Elleuch, Ahmed; Jemni, Mohamed

doi:10.1007/978-3-642-30767-6_23

Cited by 1 publication

(4 citation statements)

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“…Each of them is defined by a type of operation and a matrix size. As we have showed in [7], these services are substitutable commodities and the degrees of substitutability can be used to express the utility functions.…”

Section: Simulations and Resultsmentioning

confidence: 99%

“…As we have described in [7], for computational markets, these hypotheses can be established in an artificial way. Besides, K. Arrow et al [2] provide a proof of general equilibrium stability when all goods are gross substitutes.…”

Section: The Distributed Computational Market Modelmentioning

confidence: 97%

“…A commodity is defined by the type of matrix operation and the matrix size. The substitutability between these goods is described in [7]. …”

Section: The Distributed Computational Market Modelmentioning

confidence: 99%

“…The value of l g i x , (respectively l g i y , ) is determined by a maximization program resolution as described in the section 5. The demand depends also on the price of the other goods -g. For the peer pe i , g i e , is the initial endowment of the good g. The complete algorithm of a peer is given in [7].…”

Section: B Peer Algorithmmentioning

confidence: 99%

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An equilibrium pricing model for large scale computational markets

Chourou

Jemni

Elleuch

2013

2013 International Conference on Electrical Engineering and Software Applications

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Load balancing is one of the most challenging problems facing large-scale computational systems. This paper introduces a competitive pricing model to achieve a general equilibrium between the global supply and demand in large scale computational commodity markets. Prices are adjusted according to a tâtonnement like process. A fully distributed pricing model is proposed based on an existing partially distributed version. While in this last version, the price of each commodity is computed by only one auctioneer, in our algorithm, a scalable number of auctioneers is used to support a massive number of suppliers and consumers.

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Section: Simulations and Resultsmentioning

confidence: 99%

Section: The Distributed Computational Market Modelmentioning

confidence: 97%

“…A commodity is defined by the type of matrix operation and the matrix size. The substitutability between these goods is described in [7]. …”

Section: The Distributed Computational Market Modelmentioning

confidence: 99%

Section: B Peer Algorithmmentioning

confidence: 99%

See 2 more Smart Citations