Cooperative Networking 2011
DOI: 10.1002/9781119973584.ch14
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Market‐Oriented Resource Management and Scheduling: A Taxonomy and Survey

Abstract: For ensuring the fair and efficient sharing of resources and successful market, a well-defined currency system is essential. The two kinds of currencies models are proposed i.e. virtual and real currency. Both of these currency models have advantages and disadvantages based on managerial requirements. The virtual currency is generally deployed [52] due to its low risk and low stakes in case of mismanagement or abuse. However, virtual currency requires careful initial and ongoing management and lack flexibility… Show more

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Cited by 11 publications
(14 citation statements)
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“…Several economic models can be applied to the Grid and Cloud environments [4], [5], [6], [7]. The most important ones in our scenario are the Commodity market model and the Posted price models.…”
Section: Related Workmentioning
confidence: 99%
See 1 more Smart Citation
“…Several economic models can be applied to the Grid and Cloud environments [4], [5], [6], [7]. The most important ones in our scenario are the Commodity market model and the Posted price models.…”
Section: Related Workmentioning
confidence: 99%
“…The request is sent to a brokering tool that transparently manages the allocation of the VM corresponding to the SLA specification in a hybrid Cloud composed by the resources of a Public Cloud provider (as the Amazon Elastic Cloud Computing EC2) 5 and the private ones. The purpose is to maximize both the number of satisfied users and the PP's profit.…”
Section: The Scheduling Strategiesmentioning
confidence: 99%
“…In a research conducted by Buyya et al [14], different types of economic based scheduling methods used in economic grid and grid environments are categorized according to Fig 1. Heuristic models for task-execution scheduling mainly include static and dynamic methods. Static methods are used when the set of tasks to be scheduled is predetermined and dynamic methods are used when tasks enter as real time [6].…”
Section: System-levelmentioning
confidence: 99%
“…Buyya et al [10] proposed a market-oriented RA scheme by integrating both the customer-driven service management and provider-driven risk management to promote SLA-based RA. Nevertheless, [10] it requires a market maker and a market registry to bring the consumer and providers together and to publish the cloud services and discover their providers.…”
Section: A Sla-based Dynamic Ra Modelsmentioning
confidence: 99%
“…Nevertheless, [10] it requires a market maker and a market registry to bring the consumer and providers together and to publish the cloud services and discover their providers.…”
Section: A Sla-based Dynamic Ra Modelsmentioning
confidence: 99%