5. Options and Commodity Markets for Computing Resources

  1. Rajkumar Buyya PhD4,5 and
  2. Kris Bubendorfer PhD6
  1. Dan Cristian Marinescu1,
  2. John Patrick Morrison2 and
  3. Howard Jay Siegel3

Published Online: 17 NOV 2009

DOI: 10.1002/9780470455432.ch5

Market-Oriented Grid and Utility Computing

Market-Oriented Grid and Utility Computing

How to Cite

Marinescu, D. C., Morrison, J. P. and Siegel, H. J. (2009) Options and Commodity Markets for Computing Resources, in Market-Oriented Grid and Utility Computing (eds R. Buyya and K. Bubendorfer), John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9780470455432.ch5

Editor Information

  1. 4

    The University of Melbourne and Manjrasoft Pty Ltd, Australia

  2. 5

    Department of Computer Science and Software Engineering, The University of Melbourne, Parkville, Melbourne, VIC 3010, Australia

  3. 6

    School of Mathematics, Statistics, and Computer Science, Victoria University of Wellington, Kelburn Parade, Wellington, New Zealand

Author Information

  1. 1

    School of Electrical Engineering and Computer Science, University of Central Florida, 4000 Central Florida Boulevard, Orlando, FL 32816, USA

  2. 2

    Computer Science Department, University College, Cork, Ireland

  3. 3

    Department of Electrical and Computer Engineering, Colorado State University, Fort Collins, CO 80523, USA

Publication History

  1. Published Online: 17 NOV 2009
  2. Published Print: 12 OCT 2009

Book Series:

  1. Wiley Series on Parallel and Distributed Computing

Book Series Editors:

  1. Albert Y. Zomaya

ISBN Information

Print ISBN: 9780470287682

Online ISBN: 9780470455432

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Keywords:

  • options and commodity markets for computing resources;
  • service-oriented system based on resource virtualization;
  • option pricing on financial markets and Black–Scholes model

Summary

This chapter contains sections titled:

  • Introduction

  • A Service-Oriented System Based on Resource Virtualization

  • Markets and Commodity Pricing

  • Options: Basic Concepts

  • Option Pricing on Financial Markets and the Black–Scholes Model

  • Option Pricing in Commodity Markets for Computer Resources

  • A Macroeconomic Model Based on Price–Utility Functions

  • Conclusions

  • Acknowledgments

  • References