SODA

SORMA - business cases for an open grid market: concept and implementation

Nimis, Jens and Anandasivam, Arun and Borissov, Nikolay and Smith, Garry and Neumann, Dirk and Wirström, Niklas and Rosenberg, Erel and Villa, Matteo (2008) SORMA - business cases for an open grid market: concept and implementation. In: The 5th International Workshop on Grid Economics and Business Models (GECON 2008), 26 Aug 2008, Las Palmas de Gran Canaria, Spain.

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Official URL: http://dx.doi.org/10.1007/978-3-540-85485-2_14

Abstract

Economic mechanisms enhance technological solutions by setting the right incentives to reveal information about demand and supply accurately. Market or pricing mechanisms are ones that foster information exchange and can therefore attain efficient allocation. By assigning a value (also called utility) to their service requests, users can reveal their relative urgency or costs to the service. The implementation of theoretical sound models induce further complex challenges. The EU-funded project SORMA analyzes these challenges and provides a prototype as a proof-of-concept. In this paper the approach within the SORMA-project is described on both conceptual and technical level.

Item Type:Conference or Workshop Item (Paper)
Uncontrolled Keywords:Business case, Grid Computing, Market
ID Code:3537
Deposited By:Niklas Wirström
Deposited On:23 Apr 2009
Last Modified:18 Nov 2009 16:23

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