Grid Resource Commercialization: Economic Engineering and Delivery Scenarios

In this chapter we consider the architectural steps needed to commercialize Grid resources as technical focus shifts towards business requirements. These requirements have been met for conventional utilities resources through commoditization, a variety of market designs, customized contract design,...

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Main Authors: CHELIOTIS, Giorgos, KENYON, C.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2004
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Online Access:https://ink.library.smu.edu.sg/sis_research/837
http://dx.doi.org/10.1007/978-1-4615-0509-9_28
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spelling sg-smu-ink.sis_research-18362010-11-29T07:54:04Z Grid Resource Commercialization: Economic Engineering and Delivery Scenarios CHELIOTIS, Giorgos KENYON, C. In this chapter we consider the architectural steps needed to commercialize Grid resources as technical focus shifts towards business requirements. These requirements have been met for conventional utilities resources through commoditization, a variety of market designs, customized contract design, and decision support. Decision support is needed to exploit the flexibility provided by Grids in the context of uncertain and dynamic user requirements and resource prices. We provide a detailed example of how the decision support for users can be formulated as a multi-stage stochastic optimization problem. We derive required architectural features for commercialization using inspiration from conventional utilities and considering the delivery context of Grid resources. We consider two basic delivery scenarios: a group of peers and a group with an external provider. In summary, we provide a conceptual framework for Grid resource commercialization including both the understanding of the underlying resource commodity characteristics and also the delivery context. 2004-01-01T08:00:00Z text https://ink.library.smu.edu.sg/sis_research/837 info:doi/10.1007/978-1-4615-0509-9_28 http://dx.doi.org/10.1007/978-1-4615-0509-9_28 Research Collection School Of Computing and Information Systems eng Institutional Knowledge at Singapore Management University Databases and Information Systems Numerical Analysis and Scientific Computing Systems Architecture
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Databases and Information Systems
Numerical Analysis and Scientific Computing
Systems Architecture
spellingShingle Databases and Information Systems
Numerical Analysis and Scientific Computing
Systems Architecture
CHELIOTIS, Giorgos
KENYON, C.
Grid Resource Commercialization: Economic Engineering and Delivery Scenarios
description In this chapter we consider the architectural steps needed to commercialize Grid resources as technical focus shifts towards business requirements. These requirements have been met for conventional utilities resources through commoditization, a variety of market designs, customized contract design, and decision support. Decision support is needed to exploit the flexibility provided by Grids in the context of uncertain and dynamic user requirements and resource prices. We provide a detailed example of how the decision support for users can be formulated as a multi-stage stochastic optimization problem. We derive required architectural features for commercialization using inspiration from conventional utilities and considering the delivery context of Grid resources. We consider two basic delivery scenarios: a group of peers and a group with an external provider. In summary, we provide a conceptual framework for Grid resource commercialization including both the understanding of the underlying resource commodity characteristics and also the delivery context.
format text
author CHELIOTIS, Giorgos
KENYON, C.
author_facet CHELIOTIS, Giorgos
KENYON, C.
author_sort CHELIOTIS, Giorgos
title Grid Resource Commercialization: Economic Engineering and Delivery Scenarios
title_short Grid Resource Commercialization: Economic Engineering and Delivery Scenarios
title_full Grid Resource Commercialization: Economic Engineering and Delivery Scenarios
title_fullStr Grid Resource Commercialization: Economic Engineering and Delivery Scenarios
title_full_unstemmed Grid Resource Commercialization: Economic Engineering and Delivery Scenarios
title_sort grid resource commercialization: economic engineering and delivery scenarios
publisher Institutional Knowledge at Singapore Management University
publishDate 2004
url https://ink.library.smu.edu.sg/sis_research/837
http://dx.doi.org/10.1007/978-1-4615-0509-9_28
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