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Application-level scheduling in Grid Computing systems is an extensively researched field. The past decade has seen many different techniques and algorithms emerge to tackle ths research problem. In this paper we present results of our preliminary studies of an innovative approach to scheduling. Ths algorithm utilizes a collective, event-based and decentralized (gridCoED) strategy on a metacomputing level to allocate jobs to a set of nodes in a grid environment. We present the design of the model and appropriate simulation results. We also highlight some of the salient features of our model that makes it suitable for application-level scheduling in grid computing systems.