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Published Articles >> Table of Contents >> Abstract
2003 IEEE International Conference on E-Commerce Technology (CEC'03)
p. 120
Autonomic Economics
Giorgos Cheliotis, IBM Research
Chris Kenyon, IBM Research
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DOI Bookmark: http://doi.ieeecomputersociety.org/10.1109/COEC.2003.1210241
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| Abstract |
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Autonomic systems take decisions independent of human
administrators and hide much system complexity when they
do signal for intervention. Furthermore, they are expected
to interact with their environment in an autonomous way,
even beyond the boundaries of an individual organization.
Autonomic systems will offer their capabilities as services
partially based on service elements they acquire from their
environment. In a commercial environment autonomic decisions,
e.g. (re-)configuration, healing and anticipation will
not be taken "at any cost". Financial factors will be combined
with technical feasibility to obtain optimal outcomes.
In effect, the maximum financial value of a system will be
the result of an optimal operating policy and vice-versa. We
use the term Autonomic Economics to describe this association
between system design and economic efficiency. Here
we interpret the Autonomic Manifesto [9] from an economic
point of view demonstrating how financial criteria complement
and enrich other technical aspects of autonomic systems.
We further argue that the inclusion of economic criteria
in the autonomic decision process will not only support
self-management but also facilitate the communication of
decisions and their trade-offs between the system and the
administrator.
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 Additional Information
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Citation:
Giorgos Cheliotis, Chris Kenyon,
"Autonomic Economics,"
cec,
p. 120,
2003 IEEE International Conference on E-Commerce Technology (CEC'03),
2003
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