Abstract
The demand for computing and storage resources in a Grid network increases in both academic and industrial application domains. Participants in a network (i.e. companies or research institutes) try to selfishly maximize their individual benefit from participating in the Grid. Setting the right incentives for suppliers and requesters for an efficient usage of the limited Grid resources will motivate the participants to cooperate and provide their idle resources. In this paper we present an economic approach for efficient resource allocation. A market mechanism called Decentralized Local Greedy Mechanism [2] satisfies desirable economic properties and thus is deemed promising to enable an efficient allocation of Grid resources.
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Neumann, D., Stoesser, J., Anandasivam, A., Borissov, N. (2007). SORMA – Building an Open Grid Market for Grid Resource Allocation. In: Veit, D.J., Altmann, J. (eds) Grid Economics and Business Models. GECON 2007. Lecture Notes in Computer Science, vol 4685. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-74430-6_18
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DOI: https://doi.org/10.1007/978-3-540-74430-6_18
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-74428-3
Online ISBN: 978-3-540-74430-6
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