Markets and clouds: Adaptive and resilient computational resource allocation inspired by economics

Peter R. Lewis, Funmilade Faniyi, Rami Bahsoon, Xin Yao

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

The allocation of computational resources in any complex system is a challenge. In fact, as better defined by the authors of this chapter, resource allocation is a family of problems that is tightly connected with adaptation and resilience. Adaptive systems must be able to change the allocation of their resources in a dynamic way; at the same time, the failure or the lack of some resources are likely to require a re-allocation of other resources in order to continue providing the same functionalities. In this chapter, Peter R. Lewis et al. propose an economics-inspired approach to resource allocation, which not only aims to achieve efficiency, but also takes into consideration the adaptation and resilience aspects.

Original languageEnglish
Title of host publicationAdaptive, Dynamic, and Resilient Systems
EditorsNiranjan Suri, Giacomo Cabri
PublisherCRC Press
Pages285-318
Number of pages34
ISBN (Electronic)9781439868492
ISBN (Print)9781439868485
Publication statusPublished - 23 Jun 2014

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Resource allocation
Economics
Adaptive systems
Large scale systems

Cite this

Lewis, P. R., Faniyi, F., Bahsoon, R., & Yao, X. (2014). Markets and clouds: Adaptive and resilient computational resource allocation inspired by economics. In N. Suri, & G. Cabri (Eds.), Adaptive, Dynamic, and Resilient Systems (pp. 285-318). CRC Press.
Lewis, Peter R. ; Faniyi, Funmilade ; Bahsoon, Rami ; Yao, Xin. / Markets and clouds : Adaptive and resilient computational resource allocation inspired by economics. Adaptive, Dynamic, and Resilient Systems. editor / Niranjan Suri ; Giacomo Cabri. CRC Press, 2014. pp. 285-318
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Lewis, PR, Faniyi, F, Bahsoon, R & Yao, X 2014, Markets and clouds: Adaptive and resilient computational resource allocation inspired by economics. in N Suri & G Cabri (eds), Adaptive, Dynamic, and Resilient Systems. CRC Press, pp. 285-318.

Markets and clouds : Adaptive and resilient computational resource allocation inspired by economics. / Lewis, Peter R.; Faniyi, Funmilade; Bahsoon, Rami; Yao, Xin.

Adaptive, Dynamic, and Resilient Systems. ed. / Niranjan Suri; Giacomo Cabri. CRC Press, 2014. p. 285-318.

Research output: Chapter in Book/Report/Conference proceedingChapter

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Lewis PR, Faniyi F, Bahsoon R, Yao X. Markets and clouds: Adaptive and resilient computational resource allocation inspired by economics. In Suri N, Cabri G, editors, Adaptive, Dynamic, and Resilient Systems. CRC Press. 2014. p. 285-318