Market niching in multi-attribute computational resource allocation systems

  • Authors:
  • Edward Robinson;Peter McBurney;Xin Yao

  • Affiliations:
  • University of Birmingham, UK;King's College London, UK;University of Birmingham, UK

  • Venue:
  • Proceedings of the 13th International Conference on Electronic Commerce
  • Year:
  • 2011

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Abstract

We propose a novel method for allocating multi-attribute computational resources via competing marketplaces. Trading agents, working on behalf of resource consumers and providers, choose to trade in resource markets where the resources being traded best align with their preferences and constraints. Market-exchange agents, in competition with each other, attempt to provide resource markets that attract traders, with the goal of maximising their profit. Because exchanges can only partially observe global supply and demand schedules, novel strategies are required to automate their search for market niches. Novel attribute-level selection (ALS) strategies are empirically analysed in simulated competitive market environments, and results suggest that using these strategies, market-exchanges can seek out market niches under a variety of environmental conditions.