X. Bai, L. Bölöni, D.C. Marinescu, H.J. Siegel, R.A. Daley, and I-J. Wang

Are Utility, Price, and Satisfaction Resource Allocation Models Suitable for Large-Scale Distributed Systems?


Cite as:

X. Bai, L. Bölöni, D.C. Marinescu, H.J. Siegel, R.A. Daley, and I-J. Wang. Are Utility, Price, and Satisfaction Resource Allocation Models Suitable for Large-Scale Distributed Systems?. In 3rd International Workshop on Grid Economics and Business Models, GECON 2006, pp. 113–122, May 2006.

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Abstract:

Computational, data, and service grids, peer to peer systems, and wireless communication systems are examples of open systems where the distinction between providers and consumers of resources is blurred. Individual members of the community contribute computing cycles, storage, services, and communication bandwidth to the pool of resources available to the entire community. While the popularity of such systems increases, their resource management models seldom take into account the utility for the consumers of the resources, and the incentives to provide resources. In this paper, we discuss a resource allocation model that takes into account the utility of the resources for the consumers and the pricing structure imposed by the providers. We show how a satisfaction function can express the preferences of the consumer both regarding the utility and the price of the resources. In our model, the brokers are mediating among the selfish interests of the consumers and the providers, and societal interests, such as efficient resource utilization in the system. We report on a simulation experiment to study the behavior of the system in steady state and in transient state.

BibTeX:

@inproceedings{Bai-2006-GECON,
   author = "X. Bai and L. B{\"o}l{\"o}ni and D.C. Marinescu and H.J. Siegel and R.A. Daley and I-J. Wang",
   title = "Are Utility, Price, and Satisfaction Resource Allocation Models Suitable for Large-Scale Distributed Systems?",
   booktitle = "3rd International Workshop on Grid Economics and Business Models, GECON 2006",
   year = "2006",
   month = "May",
   pages = "113--122",
   location = "Singapore",
   editor = "H-Y Lee and S. Miller",
   abstract = {
     Computational, data, and service grids, peer to peer systems, and wireless
     communication systems are examples of open systems where the distinction
     between providers and consumers of resources is blurred. Individual members
     of the community contribute computing cycles, storage, services, and
     communication bandwidth to the pool of resources available to the entire
     community. While the popularity of such systems increases, their resource
     management models seldom take into account the utility for the consumers of
     the resources, and the incentives to provide resources. In this paper, we
     discuss a resource allocation model that takes into account the utility of
     the resources for the consumers and the pricing structure imposed by the
     providers. We show how a satisfaction function can express the preferences
     of the consumer both regarding the utility and the price of the resources.
     In our model, the brokers are mediating among the selfish interests of the
     consumers and the providers, and societal interests, such as efficient
     resource utilization in the system. We report on a simulation experiment to
     study the behavior of the system in steady state and in transient state.
}
}

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