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A catallactic market for data mining services

Author
Joita, L.; Rana, O.; Freitag, F.; Chao, I.; Chacin, P.; Navarro, L.; Ardaiz, O.
Type of activity
Journal article
Journal
Future generation computer systems
Date of publication
2007-01
Volume
23
Number
1
First page
146
Last page
153
DOI
https://doi.org/10.1016/j.future.2006.06.007 Open in new window
URL
http://www.sciencedirect.com/science/article/pii/S0167739X06001312 Open in new window
Abstract
We describe a Grid market for exchanging data mining services based on the catallactic market mechanism proposed by von Hayek. This market mechanism allows selection between multiple instances of services based on operations required in a data mining task (such as data migration, data pre-processing and subsequently data analysis). Catallaxy is a decentralized approach, based on a “free market” mechanism, and is particularly useful when the number of market participants is large or when cond...
Keywords
Application, Data mining, Grid market
Group of research
CNDS - Computer Networks and Distributed Systems

Participants