SORMA --- Business Cases for an Open Grid Market: Concept and Implementation
GECON '08 Proceedings of the 5th international workshop on Grid Economics and Business Models
Q-Strategy: A Bidding Strategy for Market-Based Allocation of Grid Services
OTM '08 Proceedings of the OTM 2008 Confederated International Conferences, CoopIS, DOA, GADA, IS, and ODBASE 2008. Part I on On the Move to Meaningful Internet Systems:
Learning the IPA market with individual and social rewards
Web Intelligence and Agent Systems
Autonomous Agents and Multi-Agent Systems
Combining Futures and Spot Markets: A Hybrid Market Approach to Economic Grid Resource Management
Journal of Grid Computing
Hi-index | 0.00 |
In this paper, we propose and study an auction model for resource management in Grids. We propose and investigate by simulation three types of auction-based resource-allocation protocols: (i) first-price auction protocol; (ii) Vickrey auction protocol; and (iii) double auction protocol. The goal is to find which of these is best suited to the Grid environment from the users' perspective as well as from the resources' perspective. The results showed that when we consider a mix of risk-averse and risk-neutral users, the first-price auction protocol favors resources while the Vickrey auction protocol favors users. On the other hand, the double auction protocol favors both users and resources. Copyright © 2006 John Wiley & Sons, Ltd.