Trading grid services – a multi-attribute combinatorial approach

A Grid Broker Pricing Mechanism for Temporal and Budget Guarantees

“…Individual rationality requires the utility caused by participation in the Grid market has to increase and budget balance means that participants have to ensure that the income and expenditure balance as long term deficits must be subsidised making them unfeasible [25,26]. The broker has a service charge that it will get paid by a user, which is denoted by the z-shaped line.…”

“…The SORMA project introduced two pricing schemes namely k-pricing [26,3] and the GREEDEX [28] clearing mechanism, though the most similar pricing mechanisms can be found in [6,23,14,5,1] where a service charge that diminishes once a job has passed a specified time is also used.…”

“…In First Reward and Risk Reward [14] it is chosen to be only potentially bound and in LibraSLA [5] there is no bound at all. This unlimited penalty has issues as pricing mechanisms should have properties such as budget balance and individual rationality which unbound penalties preclude [25,26].…”

Scalable Grid Resource Allocation for Scientific Workflows Using Hybrid Metaheuristics

“…These resources can then be offered to resource consumers as reserved instances through a trading mechanism. Resources are offered or requested as bundles consisting of a number of parameters [5]. A resource offer or request is structured by the amount of required RAM, disk space and grid worker nodes.…”

“…Viewing Grid resource as complex 'bundles' allows their availability and requirement to be described and traded in an open market. Taking such an approach, the matching of providers and consumers of resources can take place in a open market using combinatorial exchange mechanisms [5].…”