On the Design of a TwoTiered Grid Market Structure.pdfVIP

On the Design of a Two-Tiered Grid Market Structure Torsten Eymann , Dirk Neumann , Michael Reinicke , Björn Schnizler , Werner Streitberger , Daniel Veit University of Bayreuth, Chair for Information Systems, Universitatsstrasse 30, 95440, Bayreuth, Germany {eymann,reinicke,streitberger}@uni-bayreuth.de http://wi.oec.uni-bayreuth.de University of Karlsruhe, Information Management and Systems, Englerstrasse 14, D-76131 Karlsruhe, Germany {neumann,schnizler,veit}@iw.uka.de http://www.iw.uni-karlsruhe.de Abstract Designing an end-to-end Grid market for computational utility with service requesters on the one side, and resource providers on the other, can be- come a complex issue. This paper motivates to break up into two different, though interdependent markets, in which both a market engineering process is carried out: a resource market to build basic servies out of computational and data re- sources, and a service market, which composes complex application services out of these building blocks. The paper describes considerations and processes for designing dedicated mar- ket mechanisms for the resource management in Grids. The organization of these mechanisms can be either centralized (e.g. using an auctioneer) and decentralized (e.g. by bilateral bargaining processes). Areas: Market Mechanisms, Computational Grid, Market Engineering, Catallaxy 1 Introduction What makes economics so attractive for computing environments is that its central re- search question lies in the ef