A futures market in computer time

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A futures market in computer time

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Communications of the ACM archive
Volume 11 , Issue 6 (June 1968) table of contents

Pages: 449 - 451

Year of Publication: 1968

ISSN:0001-0782

Author

I. E. Sutherland

Harvard Univ., Cambridge, MA

Publisher

ACM New York, NY, USA

Bibliometrics

Downloads (6 Weeks): 8, Downloads (12 Months): 82, Citation Count: 24

Additional Information:

abstract cited by index terms collaborative colleagues

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ABSTRACT

An auction method is described for allocating computer time that allows the price of computer time to fluctuate with the demand and the relative priority of users to be controlled so that more important projects get better access. This auction is free of the periodic fluctuation in computer use often associated with monthly schemes.

CITED BY 24

	Peter J. Denning, Third Generation Computer Systems, ACM Computing Surveys (CSUR), v.3 n.4, p.175-216, Dec. 1971
	Ross A. Gagliano , Martin D. Fraser , Mark E. Schaefer, Auction allocation of computing resources, Communications of the ACM, v.38 n.6, p.88-102, June 1995
	Peter J. Denning, Principles of computer system organization, Proceedings of the first SIGCSE technical symposium on Education in computer science, p.45-55, January 1970
	Norman R. Nielsen, The allocation of computer resources—is pricing the answer?, Communications of the ACM, v.13 n.8, p.467-474, Aug. 1970
	Carl F. Eckberg, Some proposals for distributing central computing power at a University, ACM SIGCSE Bulletin, v.8 n.3, p.129-134, July 1976
	Peter J. Denning, Principles of computer system organization, ACM SIGCSE Bulletin, v.2 n.3, p.45-55, November 1970
	References, Grid resource management: state of the art and future trends, Kluwer Academic Publishers, Norwell, MA, 2004
	Ira W. Cotton, Microeconomics and the Market for Computer Services, ACM Computing Surveys (CSUR), v.7 n.2, p.95-111, June 1975
	Lee W. McKnight , James Howison , Scott Bradner, Guest Editors' Introduction: Wireless Grids--Distributed Resource Sharing by Mobile, Nomadic, and Fixed Devices, IEEE Internet Computing, v.8 n.4, p.24-31, July 2004
	Daniel M. Reeves , Michael P. Wellman , Jeffrey K. MacKie-Mason , Anna Osepayshvili, Exploring bidding strategies for market-based scheduling, Decision Support Systems, v.39 n.1, p.67-85, March 2005
	Kris Bubendorfer , John H. Hine, Auction based resource negotiation in NOMAD, Proceedings of the Twenty-eighth Australasian conference on Computer Science, p.297-305, January 01, 2005, Newcastle, Australia
	David Irwin , Jeff Chase , Laura Grit , Aydan Yumerefendi, Self-recharging virtual currency, Proceeding of the 2005 ACM SIGCOMM workshop on Economics of peer-to-peer systems, August 22-22, 2005, Philadelphia, Pennsylvania, USA
	Ira W. Cotton, Some fundamentals of price theory for computer services, ACM SIGMETRICS Performance Evaluation Review, v.5 n.1c, p.1-12, March 1976
	Carl A. Waldspurger , Tad Hogg , Bernardo A. Huberman , Jeffrey O. Kephart , W. Scott Stornetta, Spawn: A Distributed Computational Economy, IEEE Transactions on Software Engineering, v.18 n.2, p.103-117, February 1992
	Jeffrey Shneidman , Chaki Ng , David C. Parkes , Alvin AuYoung , Alex C. Snoeren , Amin Vahdat , Brent Chun, Why markets could (but don't currently) solve resource allocation problems in systems, Proceedings of the 10th conference on Hot Topics in Operating Systems, p.7-7, June 12-15, 2005, Santa Fe, NM
	Kevin Kwiat, Using Markets to Engineer Resource Management for the Information Grid, Information Systems Frontiers, v.4 n.1, p.55-62, April 2002
	Stefan Krawczyk , Kris Bubendorfer, Grid resource allocation: allocation mechanisms and utilisation patterns, Proceedings of the sixth Australasian workshop on Grid computing and e-research, January 01-01, 2008, Wollongong, NSW, Australia
	Panos Parpas , Berç Rustem, A Pricing Mechanism for Resource Management in Grid Computing, Computational Economics, v.31 n.4, p.381-395, May 2008
	Andrew Mutz , Rich Wolski , John Brevik, Eliciting honest value information in a batch-queue environment, Proceedings of the 8th IEEE/ACM International Conference on Grid Computing, p.291-297, September 19-21, 2007
	Khalid Abdelkader , Jan Broeckhove, Pricing computational resources in a dynamic grid, International Journal of Grid and Utility Computing, v.1 n.3, p.205-215, August 2009
	Bin Li , Lee Gillam, Risk Informed Computer Economics, Proceedings of the 2009 9th IEEE/ACM International Symposium on Cluster Computing and the Grid, p.526-531, May 18-21, 2009
	Wim Depoorter , Ruben Van den Bossche , Kurt Vanmechelen , Jan Broeckhove, Evaluating the Divisible Load Assumption in the Context of Economic Grid Scheduling with Deadline-Based QoS guarantees, Proceedings of the 2009 9th IEEE/ACM International Symposium on Cluster Computing and the Grid, p.452-459, May 18-21, 2009
	L. Amar , J. Stosser , E. Levy , A. Shiloh , A. Barak , D. Neumann, Harnessing migrations in a market-based grid OS, Proceedings of the 2008 9th IEEE/ACM International Conference on Grid Computing, p.85-94, September 29-October 01, 2008
	Benjamin Lubin , Jeffrey O. Kephart , Rajarshi Das , David C. Parkes, Expressive power-based resource allocation for data centers, Proceedings of the 21st international jont conference on Artifical intelligence, p.1451-1456, July 11-17, 2009, Pasadena, California, USA

INDEX TERMS

Keywords:
auction, computer scheduling, operating efficiency, time allocation

Collaborative Colleagues:

I. E. Sutherland: colleagues

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