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Title: Analysis of grid resource compensation in market-oriented environment
Authors: Guo, S.
Wan, H.
Wang, G.-B.
Xie, M. 
Keywords: Grid resource compensation
Monte carlo simulation
Opportunity cost
Issue Date: 2010
Source: Guo, S.,Wan, H.,Wang, G.-B.,Xie, M. (2010). Analysis of grid resource compensation in market-oriented environment. Eksploatacja i Niezawodnosc 46 (2) : 36-42. ScholarBank@NUS Repository.
Abstract: Recently, market-oriented grid resource management has been proposed to cope with the scarceness of grid resources in grid systems. In the market-oriented environment, grid users should pay resource owners a sum of money for resources consumed. However, the contribution of resources owners is not only offering resources for grid applications, but also for the loss of local task execution for the sake of grid task complement punctually. There is little research to address the problem of compensation for opportunities lose of local task in grid resources. As a result, resource owners may be reluctant to join the grid unless some compensation is paid. In this paper, based on the analysis of the expected income of two priority strategies in grid resources, the minimal compensation which grid users should pay to resources owners is determined using the concept of opportunity cost and a variable price model is presented to ensure a fair market environment. To calculate minimal compensation, an evaluation approach based on Monte Carlo simulation is given and the minimal compensation can be determined according to the characteristics of the grid resource and the deadline of the grid task. Based on the simulation results, the influence factors of minimal compensation are studied using a numerical example. The proposed price model can provide an incentive for resource owners and attract more and more resources in the Internet to participate in the grid.
Source Title: Eksploatacja i Niezawodnosc
ISSN: 15072711
Appears in Collections:Staff Publications

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