|Qofis'2001 Workshop||M3I - Market Managed
The goal of this project is to design, implement and trial a next generation system which will enable Internet resource management through market forces, specifically by enabling differential charging for multiple levels of service. Offering this capability will increase the value of Internet services to the customers through greater choice over price and quality and reduced congestion. For the network provider, flexibility will be improved, management complexity reduced and hence revenues will increase.
This project takes a radically different approach to differentiated services. Its premise is that a simple packet network may be able to support an arbitrarily differentiated set of services by conveying information on congestion from the network to intelligent end-nodes, which themselves determine what should be their demands on the packet network. There would then be no need for large buffers or priority queues within the network, or connection acceptance control at the border of the network.
A trial system will be designed, built and experimented with. It will enable ISPs to explore sophisticated charging options and business models with their customers.
Measurable improvements that an end user of our system will experience are:
We believe that the present position whereby Internet Service Providers charge a flat rate for access to undifferentiated service levels and meet demand through over-provision of capacity, does not represent a sustainable business model. As basic access and simple services become commoditised ISPs will differentiate across a wide range of sophisticated services and business models. This project will design and prototype a system that can charge and account for multiple levels of Internet service, and analyse the implications of so doing.&nsbp; We believe that this is critically important for the industry.
We intend to demonstrate the feasibility of managing the allocation of Internet resources using relatively direct market forces. Feasibility will be established in technical and commercial terms. This includes requirements analysis, engineering design and prototyping, cost and business modelling, and Internet market modelling. The result will be a fully operating prototype that will enable market trials.
By Dec 2001 (the end of the two-year project) we will demonstrate relatively sophisticated applications reacting to economic signals from the Internet and report our understanding of typical customer reaction and the effect on total system performance.
Using our results we will:
M3I is RTD Project No IST-1999-11429 under the European Union's Fifth Framework Programme. It is part of Key Action 4 "Essential Technologies and Infrastructures", Action Line 4.2.4 "Technologies for network management and service level interworking". The total of eligible costs for the project is €3.7M, with a maximum community contribution of €2.1M. The participation of ETH Zьrich is supported by funds from the Swiss Confederation.
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