Survey on the Application of Economic and Market Theory for Grid Computing

2011 ◽  
pp. 316-334
Author(s):  
Xia Xie ◽  
Jin Huang ◽  
Song Wu ◽  
Hai Jin ◽  
Melvin Koh ◽  
...  
Keyword(s):  
Grid Computing ◽  
Dynamic Pricing ◽  
Supply And Demand ◽  
Effective Model ◽  
Price Adjustment ◽  
Grid Technology ◽  
Pricing Model ◽  
Utility Model ◽  
Market Theory ◽  
Technological Advances

In this chapter, we present a survey on some of the commercial players in the Grid industry, existing research done in the area of market-based Grid technology and some of the concepts of dynamic pricing model that we have investigated. In recent years, it has been observed that commercial companies are slowly shifting from owning their own IT assets in the form of computers, software and so forth, to purchasing services from utility providers. Technological advances, especially in the area of Grid computing, have been the main catalyst for this trend. The utility model may not be the most effective model and the price still needs to be determined at the point of usage. In general, market-based approaches are more efficient in resource allocations, as it depends on price adjustment to accommodate fluctuations in the supply and demand. Therefore, determining the price is vital to the overall success of the market.

Survey on the Application of Economic and Market Theory for Grid Computing

2012 ◽  
pp. 1702-1720
Author(s):  
Xia Xie ◽  
Jin Huang ◽  
Song Wu ◽  
Hai Jin ◽  
Melvin Koh ◽  
...  
Keyword(s):  
Grid Computing ◽  
Dynamic Pricing ◽  
Supply And Demand ◽  
Effective Model ◽  
Price Adjustment ◽  
Grid Technology ◽  
Pricing Model ◽  
Utility Model ◽  
Market Theory ◽  
Technological Advances

In this chapter, we present a survey on some of the commercial players in the Grid industry, existing research done in the area of market-based Grid technology and some of the concepts of dynamic pricing model that we have investigated. In recent years, it has been observed that commercial companies are slowly shifting from owning their own IT assets in the form of computers, software and so forth, to purchasing services from utility providers. Technological advances, especially in the area of Grid computing, have been the main catalyst for this trend. The utility model may not be the most effective model and the price still needs to be determined at the point of usage. In general, market-based approaches are more efficient in resource allocations, as it depends on price adjustment to accommodate fluctuations in the supply and demand. Therefore, determining the price is vital to the overall success of the market.

scholarly journals Pricing Strategies of Logistics Distribution Services for Perishable Commodities

Algorithms ◽  
2018 ◽  
Vol 11 (11) ◽  
pp. 186
Author(s):  
Tao Li ◽  
Yan Chen ◽  
Taoying Li
Keyword(s):  
Dynamic Pricing ◽  
Consumer Satisfaction ◽  
Service Providers ◽  
Time Constraints ◽  
Optimal Pricing ◽  
Pricing Strategies ◽  
Pricing Model ◽  
Logistics Service ◽  
Distribution Services ◽  
Perishable Goods

The problem of pricing distribution services is challenging due to the loss in value of product during its distribution process. Four logistics service pricing strategies are constructed in this study, including fixed pricing model, fixed pricing model with time constraints, dynamic pricing model, and dynamic pricing model with time constraints in combination with factors, such as the distribution time, customer satisfaction, optimal pricing, etc. By analyzing the relationship between optimal pricing and key parameters (such as the value of the decay index, the satisfaction of consumers, dispatch time, and the storage cost of the commodity), it is found that the larger the value of the attenuation coefficient, the easier the perishable goods become spoilage, which leads to lower distribution prices and impacts consumer satisfaction. Moreover, the analysis of the average profit of the logistics service providers in these four pricing models shows that the average profit in the dynamic pricing model with time constraints is better. Finally, a numerical experiment is given to support the findings.

DETERMINANTS OF EMPLOYEES' MOVEMENT BETWEEN LABOUR MARKET SEGMENTS

2021 ◽  
Vol 572-573 (11-12) ◽  
pp. 24-31
Author(s):  
Łukasz Arendt ◽  
Wojciech Grabowski
Keyword(s):  
Labour Market ◽  
Choice Model ◽  
Labour Force ◽  
Supply And Demand ◽  
Wage Distribution ◽  
Market Theory ◽  
Market Segments ◽  
Close Proximity ◽  
Sectoral Differences ◽  
Binary Choice Model

The paper studies upgrading patterns between secondary and primary segments in Polish labour market, with reference to the Segmented Labour Market theory. The type of contact (permanent vs. fixed-term) and wage distribution were used within one framework to define these labour segments. The parameters of binary choice model, based on Labour Force Survey microdata, were estimated to calculate the probabilities of shift from secondary to primary segment, and to identify supply and demand-side determinants of this upgrading. The results are, in general, in line with the trap hypothesis, pointing out to limited chances of upward shift from secondary to primary labour segment. However, this upward mobility has increased in recent years, being a result of changes in real (measured by lowering unemployment rate) and institutional sphere of the Polish labour market. Individual’s age, education attainment, propensity to invest in human capital, as well as the size of an enterprise appeared to be the most important divers of inter-segments upgrading. Moreover, regional as well as sectoral differences in probability of upgrading were identified – this probability was higher in the case of workers living in regions with large agglomerations and close proximity to the German labour market.

scholarly journals A Demand-Response Scheme Using Multi-Agent System for Smart DC Microgrid

2019 ◽  
Vol 10 (1) ◽  
pp. 48-68 ◽  
Author(s):  
Diana Severine Rwegasira ◽  
Imed Saad Ben Dhaou ◽  
Aron Kondoro ◽  
Anastasia Anagnostou ◽  
Amleset Kelati ◽  
...  
Keyword(s):  
Demand Response ◽  
Dynamic Pricing ◽  
Supply And Demand ◽  
Load Shedding ◽  
Multi Agent System ◽  
Solar Panels ◽  
Remote Communities ◽  
Agent System ◽  
Dc Microgrid ◽  
Multi Agent

This article describes a framework for load shedding techniques using dynamic pricing and multi-agent system. The islanded microgrid uses solar panels and battery energy management system as a source of energy to serve remote communities who have no access to the grid with a randomized type of power in terms of individual load. The generated framework includes modeling of solar panels, battery storage and loads to optimize the energy usage and reduce the electricity bills. In this work, the loads are classified as critical and non-critical. The agents are designed in a decentralized manner, which includes solar agent, storage agent and load agent. The load shedding experiment of the framework is mapped with the manual operation done at Kisiju village, Pwani, Tanzania. Experiment results show that the use of pricing factor as a demand response makes the microgrid sustainable as it manages to control and monitor its supply and demand, hence, the load being capable of shedding its own appliances when the power supplied is not enough.

Dynamic Pricing Based on Net Cost for Mobile Content Services

2007 ◽  
pp. 220-226
Author(s):  
N. Srikhutkhao
Keyword(s):  
Mobile Phone ◽  
Mobile Phones ◽  
Dynamic Pricing ◽  
Market Price ◽  
Actual Cost ◽  
Pricing Model ◽  
Market Growth ◽  
The Past ◽  
Fixed Price ◽  
And Performance

In the past few years, the mobile phone’s performance has increased rapidly. According to IDC’s Worldwide Mobile Phone 2004-2008 Forecast and Analysis, sales of 2.5G mobile phones will drive market growth for the next several years, with sales of 3G mobile phones finally surpassing the 100 million annual unit mark in 2007. Future mobile phones can support more than 20,000 colors. With the advancements in functionality and performance of mobile phones, users will use them for all sorts of activities, and that will increase mobile content service requests. Currently, the pricing of mobile content service is up to each provider; typically they implement a fixed price called a market price because the providers do not have a formula to estimate the price according to the actual cost of their services. This article proposes a dynamic pricing model based on net cost for mobile content services.

Grid Computing

2009 ◽  
pp. 269-280
Author(s):  
Gokop Goteng ◽  
Ashutosh Tiwari ◽  
Rajkumar Roy
Keyword(s):  
Grid Computing ◽  
Implementation Strategy ◽  
Computational Grid ◽  
Data Grid ◽  
Grid Technology ◽  
Grid Security ◽  
Semantic Grid ◽  
Transport Industry ◽  
Share Data ◽  
Global Terrorism

The emerging grid technology provides a secured platform for multidisciplinary experts in the security intelligence profession to collaborate and fight global terrorism. This chapter developed grid architecture and implementation strategy on how to connect the dots between security agents such as the CIA, FBI, police, custom officers and transport industry to share data and information on terrorists and their movements. The major grid components that featured in the architecture are the grid security portal, data grid, computational grid, semantic grid and collaboratory. The challenges of implementing this architecture are conflicting laws, cooperation among governments, and information on terrorist’s network and interoperability problem.

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