caa a22 4500 445297093 CHVBK 20180317142545.0 cr unu---uuuuu 170323e20101201xx s 000 0 eng 10.1007/s12243-010-0183-1 doi (NATIONALLICENCE)springer-10.1007/s12243-010-0183-1 A marketplace and its market mechanism for trading commoditized computing resources [Elektronische Daten] [Jörn Altmann, Costas Courcoubetis, Marcel Risch] This paper presents the design and implementation of the GridEcon Marketplace. In addition to supporting a market mechanism for trading computing resources on a pay-per-use basis, this marketplace also provides an environment for integrating value-added support services. These value-added services help consumers to use the utility computing market more efficiently. The GridEcon Market Mechanism for virtual machines specifies in detail the unit-of-trade, the bids and asks, as well as the matching algorithm. The marketplace and market mechanism are validated by using the GridEcon Platform, which is a service-oriented platform for composing market scenarios. Our validation results show that the GridEcon Marketplace fulfills all functional requirements and that the GridEcon Market Mechanism is computationally and economically efficient. Institut Télécom and Springer-Verlag, 2010 Grid economics nationallicence Cloud computing nationallicence Computing resource market nationallicence Market mechanism design nationallicence Utility computing nationallicence Grid computing nationallicence Simulation nationallicence Market scenario emulation nationallicence Altmann Jörn Technology Management, Economics and Policy Program; Department of Industrial Engineering, College of Engineering, Seoul National University, 599 Gwanak-Ro, Gwanak-Gu, 151-744, Seoul, South Korea aut Courcoubetis Costas Department of Computer Science, Athens University of Economics and Business, 47A Evelpidon Str, 11362, Athens, Greece aut Risch Marcel Technology Management, Economics and Policy Program; Department of Industrial Engineering, College of Engineering, Seoul National University, 599 Gwanak-Ro, Gwanak-Gu, 151-744, Seoul, South Korea aut annals of telecommunications - annales des télécommunications Springer-Verlag 65/11-12(2010-12-01), 653-667 0003-4347 65:11-12<653 2010 65 12243 https://doi.org/10.1007/s12243-010-0183-1 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s12243-010-0183-1 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Altmann Jörn Technology Management, Economics and Policy Program; Department of Industrial Engineering, College of Engineering, Seoul National University, 599 Gwanak-Ro, Gwanak-Gu, 151-744, Seoul, South Korea aut NATIONALLICENCE 700 1- Courcoubetis Costas Department of Computer Science, Athens University of Economics and Business, 47A Evelpidon Str, 11362, Athens, Greece aut NATIONALLICENCE 700 1- Risch Marcel Technology Management, Economics and Policy Program; Department of Industrial Engineering, College of Engineering, Seoul National University, 599 Gwanak-Ro, Gwanak-Gu, 151-744, Seoul, South Korea aut NATIONALLICENCE 773 0- annals of telecommunications - annales des télécommunications Springer-Verlag 65/11-12(2010-12-01), 653-667 0003-4347 65:11-12<653 2010 65 12243 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer