Integrating a financial option based model with GridSim for pricing Grid resources

Analysis of grid resources utilization from real grid trace data shows the feasibility of a financial option based model for pricing grid resources to attract more users for profitability for the grid provider while providing high Quality of Service (QoS) to users. However, in the absence of grid resource pricing benchmarks, we simulate grid resources usage in order to justify our pricing model using GridSim toolkit. In this work we integrate a financial option based pricing model with GridSim framework and use it as a grid simulation tool to price grid compute resources.