This workshop is intended as a venue for researchers interested in economic models for autonomic systems, the use of autonomic computing to simulate and/or create novel economic models and mechanisms and where autonomic capabilities play a critical role in (business) applications that fuel or require economically-driven decisions.
Whilst the marriage of economic theory within many computing paradigms, such as grid and cloud computing is prevalent, this coupling is yet to visibly demonstrate its authority in autonomic computing and be put into practice. There are many scenarios where economic models, mechanisms and scenarios require the self-* abilities of autonomic computing. For example, in SLA scenarios autonomic behaviour can be essential for consumers and providers to avoid economic penalties and sanctions, market platforms such as the awaited market place for the Internet of Services, require autonomic capabilities in order to manage both financial and computational resources of the market infrastructure, perform failure recovery and to evolve and adapt over time, in bidding or competitive scenarios where autonomic models can stimulate changes in behaviour and actions. We see an unanswered demand for new models and mechanisms that combine and elaborate upon these two heterogeneous disciplines.
Accepted papers in this workshop and the subsequent discussions are envisaged to address one of the following two key research areas:
- How market and economic models can be used to support systems management. As markets provide a useful basis for autonomic self-regulation. Here, the idea is to better understand how economic models and mechanisms can be used for systems management. This could include, but is not limited to:
- fault tolerance (self regulation)
- charging mechanisms, and
- various aspects of "utility"
- How can we look at the economics (pricing, costing, etc) of autonomic systems -- this relates to issues such as charging for computational and data resources in outsourced environments (such as in Clouds and other resource management systems).
Ultimately, this workshop attempts to bring together an emerging community of researchers in economics and autonomic computing to capture the state of the art research in autonomic economics and discuss the reasons for the research gap. The workshop will addresses new methodologies, simulations and applications where researchers use autonomic approaches to foster new economic scenarios, decisions, mechanisms and models.