An algorithm for trading grid resources in a virtual marketplace

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Abstract

This paper presents an algorithm for trading resources in Grids. Resource description includes main technical attributes of a resource, such as processing power, memory capacity, etc., as well as a price. Trading is performed in a marketplace where providers' resources are matched with consumers' demand by means of auction mechanisms. The matching algorithm follows a strategy where a consumer's demand is matched with providers meeting the technical requirement and the price closest to the one offered by the consumer.
Original languageEnglish
Pages (from-to)339-350
Number of pages12
JournalScalable Computing: Practice and Experience
Volume13
Issue number4
Publication statusPublished - 2012

Keywords

  • Trading algorithms
  • Virtual Marketplace
  • Grid
  • Scheduling

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