On Economic and Computational-Efficient Resource Pricing in Large Distributed Systems
Citations
405 citations
Cites background or result from "On Economic and Computational-Effic..."
...Interoperability between different providers allows cloud customers to use the service across clouds to improve scalability and reliability [Mihailescu and Teo 2010c]....
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...Market-based approaches for allocation of shared resources have proven their potential in computational systems [Mihailescu and Teo 2010a]....
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...There is growing interest in the adoption of market-based approaches for allocation of shared resources in computational systems [Mihailescu and Teo 2010b]....
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...They show that in their proposed dynamic scheme, the user welfare, the percentage of successful requests, and the percentage of allocated resources increase in comparison to the fixed pricing [Mihailescu and Teo 2010d]....
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Cites background from "On Economic and Computational-Effic..."
...Teng et al. [8] and Mihailescu et al. [9] studied optimal pricing with an auction mechanism, in which users had budgetary and deadline constraints....
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82 citations
References
2,985 citations
"On Economic and Computational-Effic..." refers background in this paper
...In BitTorrent [7], rational users that behave selfishly and do not cooperate in sharing files are punished by other users....
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...Thus, recent work in peer-to-peer networking [7, 16], grid or cluster computing [11], resource allocation [4,18], and others, use a form of incentives to manage rational users....
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2,435 citations
"On Economic and Computational-Effic..." refers background in this paper
...From an economic perspective, the desirable properties for resource allocation are: individual rationality, incentive compatibility, budget balance and Pareto efficiency [12]....
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2,061 citations
Additional excerpts
...For example, in BOINC [3], users donate their CPU cycles by running a software client which polls a server for new jobs....
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965 citations
609 citations
"On Economic and Computational-Effic..." refers background or result in this paper
...However, an optimal allocation mechanism for multiple resource types such as combinatorial auctions requires a NP-complete algorithm [14]....
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...Our results presented in Table 2 show that in different market conditions, dynamic pricing obtains better allocation results which result in increased economic efficiency....
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