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

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. © 2014 by Taylor & Francis Group, LLC.