Enforcing service level agreements using an economically enhanced resource manager

Macias, M., Smith, G., Rana, O., Guitart, J. and Torres, J. (2007) Enforcing service level agreements using an economically enhanced resource manager. In: Workshop on Economic Models and Algorithms for Grid Systems (EMAGS 2007), 19 - 21 September 2007, Austin, Texas, USA.

Abstract/Summary

Traditional resource management has had as its main objective the optimisation of throughput, based on pa- rameters such as CPU, memory, and network bandwidth. With the appearance of Grid Markets, new variables that determine economic expenditure, benefit and opportunity must be taken into account. The SORMA project aims to allow resource owners and consumers to exploit market mechanisms to sell and buy resources across the Grid. SORMA’s motivation is to achieve efficient resource utilisation by maximising revenue for resource providers, and minimising the cost of resource consumption within a market environment. An overriding factor in Grid markets is the need to ensure that desired Quality of Service levels meet the expectations of market participants. This paper explains the proposed use of an Economically Enhanced Resource Manager (EERM) for resource provisioning based on economic models. In particular, this paper describes techniques used by the EERM to support revenue maximisation across multiple Service Level Agreements.