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Grid Economics and Business Models

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The overall goal of the GridEcon project is to advance the functionality of existing Grid technology with respect to its capability to allow the economics-aware operation of Grid applications. The project will propose the necessary solutions and extensions to this technology, so that new Grid business models can be implemented.

The specific objectives that will be pursued are to:
- Define Grid economics based on current Grid business models using scenarios
- Define micro-economic models for resource sharing across organizations
- Analyze new paradigms of accounting and settlement in the utility services model
- Validate these findings by implementing specific components
- Maximize the commercial impact of GridEcon by influencing existing technology trends

To reach these objectives a consortium of European organisations of excellence has been assembled to cover the broad spectrum of expertise required to carry out such a demanding task, combining Grid technology and services experts with economists and computer scientists. The GridEcon consortium envisages the Grid as being more than just a large distributed system which provides virtualized services to its users and enables computing on demand on a best-effort basis at zero cost. Instead, GridEcon expects the Grid to offer services that span many economically independent enterprises, forming a real economy. The Grid is expected to evolve into a platform allowing the resolution of differences in service preferences of its users and the expression of their utility through interaction in an economy.

The benefits to the end-user will include:
- The ability to generate income by selling services or sharing resources across individual organization boundaries
- The capability of choosing the appropriate level of service by paying the appropriate price
- A robust and highly utilized system that reacts more effectively to dynamic changes of demand
- The fast deployment of Grid infrastructures

Aufforderung zur Vorschlagseinreichung

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INTERNATIONAL UNIVERSITY IN GERMANY BRUCHSAL GEMEINNUETZIGE GESELLSCHAFT MIT BESCHRAENKTER HAFTUNG
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