Resource Allocation Based on Pricing for Grid Computing Environments

Grid computing has been widely accepted as a promising paradigm for large-scale distributed systems in recent years. Mechanism based on economic models is an effective approach to solve the problem of grid resources management. The essence of this problem is how to allocate resources for achieving the goal of a highly efficient utilization of resources in response to current resource prices. In this paper, we present a method of resource allocation based on the pricing, and discuss the process of resource allocation and resource pricing algorithms for allocating resources to grid users in order to maximize the benefit for both grid providers and grid users.

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