ECONOMICS DRIVEN P2P/GRID-BASED SERVICE ORIENTED COMPUTING 07.27.01 by Rajkumar Buyya et al, Monash University & CERN HPCwire ============================================================================== The accelerated development in Peer-to-Peer (P2P) and Grid computing has positioned them as promising next generation computing platforms. They enable the creation of Virtual Enterprises (VE) for sharing resources distributed across the world. However, resource management, application development and usage models in these environments is a complex undertaking. This is due to the geographic distribution of resources that are owned by different organizations or peers. The resource owners of each of these resources have different usage or access policies and cost models, and varying loads and availability. In order to address complex resource management issues, we have proposed a computational economy framework for resource allocation and for regulating supply and demand in Grid computing environments. The framework provides mechanisms for optimizing resource provider and consumer objective functions through trading and brokering services. In a real world market, there exist various economic models for setting the price for goods based on supply-and-demand and their value to the user. They include commodity market, posted price, tenders and auctions. In this paper, we discuss the use of these models for interaction between Grid components in deciding resource value and the necessary infrastructure to realize them. In addition to normal services offered by Grid computing systems, we need an infrastructure to support interaction protocols, allocation mechanisms, currency, secure banking, and enforcement services. Furthermore, we demonstrate the usage of some of these economic models in resource brokering through Nimrod/G deadline and cost-based scheduling for two different optimization strategies on the World Wide Grid (WWG) testbed that contains peer-to-peer resources located on five continents: Asia, Australia, Europe, North America, and South America. For further information, browse: * Economy Grid Project page: http://www.csse.monash.edu.au/~rajkumar/ecogrid/ * Invited presentation of our work at EuroGlobus meeting in Italy: http://www.csse.monash.edu.au/~rajkumar/talks/euroglobus/ http://www.csse.monash.edu.au/~rajkumar/talks/euroglobus.ppt where we discussed P2P and Grid tools and technologies developed by our team. Our technologies have been used in applications like "Virtual Drug Design": http://www.csse.monash.edu.au/~rajkumar/vlab/ FULL paper on economic models for P2P and Grid computing can be found at: http://www.csse.monash.edu.au/~rajkumar/papers/economicmodels.pdf This abstract and information courtesy of the authors, Rajkumar Buyya, Heinz Stockinger, Jonathan Giddy, and David Abramson CRC for Enterprise Distributed Systems Technology School of Computer Science and Software Engineering Monash University, Melbourne, Australia CERN, European Organization for Nuclear Research CMS Experiment, Computing Group, Database Section CH-1211 Geneva 23, Switzerland ************************************************************************** H P C w i r e S P O N S O R S Product specifications and company information in this section are available to both subscribers and non-subscribers. [ ] 533) SRC Computers [ ] 945) NAG [ ] 532) Veridian / PBS Pro(tm) [ ] 942) Sun Microsystems [ ] 531) Atipa Technologies [ ] 946) Quadrics [ ] 530) DataDirect Networks [ ] 947) Etnus / TotalView [ ] 529) Linux NetworX [ ] 929) Essential [ ] 526) GENROCO [ ] 934) Hewlett-Packard [ ] 527) Intel [ ] 949) Visual Numerics [ ] 948) Cray Inc. [ ] 930) NEC [ ] 909) Fujitsu [ ] 902) IBM Corp. [ ] 937) Compaq [ ] 932) Portland Group [ ] 921) SGI For sponsorship information contact: advertise@hpcwire.com ***************************************************************************