An economic-based resource management framework in the grid context

Authors:
Chuliang Weng;Minglu Li;Xinda Lu;Qianni Deng
Affiliations:
Dept. of Comput. Sci. & Eng., Shanghai Jiao Tong Univ., China;Dept. of Comput. Sci. & Eng., Shanghai Jiao Tong Univ., China;Dept. of Comput. Sci. & Eng., Shanghai Jiao Tong Univ., China;Dept. of Comput. Sci. & Eng., Shanghai Jiao Tong Univ., China
Venue:
CCGRID '05 Proceedings of the Fifth IEEE International Symposium on Cluster Computing and the Grid - Volume 01
Year:
2005

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Abstract

The economic mechanism is very suitable for solving the problem of resource management in the grid computing environment, and it can guarantee the interest of participators in the grid with fairness and efficiency. In this paper, we propose an economics-based resource management framework for grid computing, and then we focus on how to determine the price of resources with the economic mechanism. We present a general equilibrium method for general resources and a double auction method for special resources in the grid environment respectively. Simulations are performed and the experimental results indicate that the two methods are effective for corresponding application scenarios.