On the Design of a Two-Tiered Grid Market Structure

Designing an end-to-end Grid market for computational utility with service requesters on the one side, and resource providers on the other, can be- come a complex issue. This paper motivates to break up into two different, though interdependent markets, in which both a market engineering process is carried out: a resource market to build basic servies out of computational and data re- sources, and a service market, which composes complex application services out of these building blocks. The paper describes considerations and processes for designing dedicated mar- ket mechanisms for the resource management in Grids. The organization of these mechanisms can be either centralized (e.g. using an auctioneer) and decentralized (e.g. by bilateral bargaining processes)