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A Novel Price Prediction Scheme of Grid Resources Based on Time Series Analysis

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Book cover Ubiquitous Intelligence and Computing (UIC 2007)

Part of the book series: Lecture Notes in Computer Science ((LNISA,volume 4611))

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Abstract

Grid computing generally allows heterogeneous resources to achieve resources sharing and service-oriented scheduling. Grid economy-based management has been viewed as a feasible approach to carrying out fair, efficient and reliable scheduling. One key issue in grid economy-based strategy is to contain accurate and predictable prices of heterogeneous resources. In this paper, we present a novel price prediction scheme of grid resources for achieving accurate prices for resource management in the context of grid economy. Our proposed scheme utilizes Time Series Analysis (TSA) tool to predict and generate resources prices. We examine the practical performance by presenting simulation-based results, which demonstrate that proposed scheme is feasible and efficient in the grid economy.

This work was supported by National Basic Research 973 Program under Grant No. 2004CB318201, New Century Excellent Talents Program of Ministry of Education under Grant.NCET-04-0693 and Scientific Program of Wuhan City under Grant.20061002031 and 200750730307.

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Jadwiga Indulska Jianhua Ma Laurence T. Yang Theo Ungerer Jiannong Cao

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Hua, Y., Feng, D. (2007). A Novel Price Prediction Scheme of Grid Resources Based on Time Series Analysis. In: Indulska, J., Ma, J., Yang, L.T., Ungerer, T., Cao, J. (eds) Ubiquitous Intelligence and Computing. UIC 2007. Lecture Notes in Computer Science, vol 4611. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-73549-6_26

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  • DOI: https://doi.org/10.1007/978-3-540-73549-6_26

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-73548-9

  • Online ISBN: 978-3-540-73549-6

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