Market-based grid resource allocation using a stable continuous double auction Export

@inproceedings{citeulike:2959137, abstract = {A market-based grid resource allocation mechanism is presented and evaluated. It takes into account the architectural features and special requirements of computational grids while ensuring economic efficiency, even when the underlying resources are being used by self-interested and uncooperative participants. A novel stable continuous double auction (SCDA), based on the more conventional continuous double auction (CDA), is proposed for Grid resource allocation. It alleviates the unnecessarily volatile behaviour of the CDA, while maintaining other beneficial features. Experimental results show that the SCDA is superior to the CDA in terms of both economic efficiency and scheduling efficiency. The SCDA delivers continuous matching, high efficiency and low cost, allied with low price volatility and low bidding complexity. Its ability to deliver immediate allocation and its stable prices facilitate co-allocation of resources and it also enables incremental evolution towards a full grid resource market. Effective market-based Grid resource allocation is thus shown to be feasible.}, author = {Tan, Zhu and Gurd, J. R.}, booktitle = {Grid Computing, 2007 8th IEEE/ACM International Conference on}, citeulike-article-id = {2959137}, citeulike-linkout-0 = {http://dx.doi.org/10.1109/GRID.2007.4354144}, citeulike-linkout-1 = {http://ieeexplore.ieee.org/xpls/abs_all.jsp?arnumber=4354144}, doi = {10.1109/GRID.2007.4354144}, journal = {Grid Computing, 2007 8th IEEE/ACM International Conference on}, keywords = {auction, continuous, design, double, grid, market, mechanism, power}, pages = {283--290}, posted-at = {2009-06-05 09:25:42}, priority = {2}, title = {Market-based grid resource allocation using a stable continuous double auction}, url = {http://dx.doi.org/10.1109/GRID.2007.4354144}, year = {2007} }

TY - CONF ID - citeulike:2959137 L3 - citeulike-article-id:2959137 N2 - A market-based grid resource allocation mechanism is presented and evaluated. It takes into account the architectural features and special requirements of computational grids while ensuring economic efficiency, even when the underlying resources are being used by self-interested and uncooperative participants. A novel stable continuous double auction (SCDA), based on the more conventional continuous double auction (CDA), is proposed for Grid resource allocation. It alleviates the unnecessarily volatile behaviour of the CDA, while maintaining other beneficial features. Experimental results show that the SCDA is superior to the CDA in terms of both economic efficiency and scheduling efficiency. The SCDA delivers continuous matching, high efficiency and low cost, allied with low price volatility and low bidding complexity. Its ability to deliver immediate allocation and its stable prices facilitate co-allocation of resources and it also enables incremental evolution towards a full grid resource market. Effective market-based Grid resource allocation is thus shown to be feasible. JF - Grid Computing, 2007 8th IEEE/ACM International Conference on EP - 290 TI - Market-based grid resource allocation using a stable continuous double auction T2 - Grid Computing, 2007 8th IEEE/ACM International Conference on SP - 283 KW - auction KW - continuous KW - design KW - double KW - grid KW - market KW - mechanism KW - power AU - Tan, Zhu AU - Gurd, JR PY - 2007/// UR - http://dx.doi.org/10.1109/GRID.2007.4354144 ER -