Journal of Grid Computing

, 6:219 | Cite as

Grid Economics: A Selective Discussion of Two Research Problems

  • Ramayya Krishnan


The last 5 years have seen considerable discussion of various types of Grids—compute Grids, storage Grids, and data Grids. Using the checklist given in Foster (∼foster/Articles/WhatIsTheGrid.pdf, 2002) to define a Grid, two important problems that arise in the context of resource sharing in Grid computing environments are discussed. First, the well documented problem in compute Grid environments that arises from the inability of consumers to accurately estimate their resource requirements is presented. This results in incorrect scheduling of requests for Grid resources and social welfare loss. To address this problem, two research proposals are briefly described. The first approach argues for the design of decision support tools to help users with resource estimation while the second approach studies the design of resource allocation mechanisms that can work with stochastic specifications of resource requirements. This is in contrast to the traditional point estimates of resource required by extant mechanisms. Next, resource provisioning and pricing problems that arise in data storage and retrieval Grids are described. These Grids differ fundamentally from compute Grids but share some economic characteristics with P2P file sharing networks. Drawing on this connection, pricing mechanisms and resource provisioning research is briefly discussed.


Grid Pricing mechanism Resource provisioning research 


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Copyright information

© Springer Science+Business Media B.V. 2007

Authors and Affiliations

  1. 1.Information Systems Management, The Heinz SchoolCarnegie Mellon UniversityPittsburgUSA

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