Title

A Macroeconomic Model For Resource Allocation In Large-Scale Distributed Systems

Keywords

Consumer satisfaction; Consumer utility; Large-scale distributed system; Macroeconomic model; Price; Resource allocation; Utility

Abstract

In this paper we discuss an economic model for resource sharing in large-scale distributed systems. The model captures traditional concepts such as consumer satisfaction and provider revenues and enables us to analyze the effect of different pricing strategies upon measures of performance important for the consumers and the providers. We show that given a particular set of model parameters the satisfaction reaches an optimum; this value represents the perfect balance between the utility and the price paid for resources. Our results confirm that brokers play a very important role and can influence positively the market. We also show that consumer satisfaction does not track the consumer utility; these two important performance measures for consumers behave differently under different pricing strategies. Pricing strategies also affect the revenues obtained by providers, as well as, the ability to satisfy a larger population of users. © 2007 Elsevier Inc. All rights reserved.

Publication Date

2-1-2008

Publication Title

Journal of Parallel and Distributed Computing

Volume

68

Issue

2

Number of Pages

182-199

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1016/j.jpdc.2007.07.001

Socpus ID

37549009166 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/37549009166

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