Conference Proceedings

Compute Power Market: Towards a market-oriented grid

R Buyya, S Vazhkudai, R Buyya (ed.), G Mohay (ed.), P Roe (ed.)

FIRST IEEE/ACM INTERNATIONAL SYMPOSIUM ON CLUSTER COMPUTING AND THE GRID, PROCEEDINGS | IEEE COMPUTER SOC | Published : 2001

Abstract

The Compute Power Market (CPM) is a market-based resource management and job scheduling system for grid computing on Internet-wide computational resources, particularly low-end personal computing devices. It transforms the metacomputing environment into a computational market, wherein one can solve problems by renting computational power, storage, and special services from idle resources (computers). The CPM primarily comprises markets, resource consumers, resource providers and their interactions. It supports various economic models (commodity market model, contract-net/tendering, and auction) for resource pricing and mapping between service consumers and providers. The paper proposes a dec..

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