Market-based Resource Allocation on the Computational Grid

The Grid

Grid Resource Allocation

Some Allocation Options

An Alternative: G-commerce

Prior Work

Auction Systems

A Computational Economy

Resource Consumers

Resource Producers

Jobs

Banks

Market Pricing Theory

Banking on the Grid

Simulated Banks

Initial Simulations

Two Commodities

Price Stability - underdemand

Price Stability - overdemand

Multiple Equilibria

Auction Implementation

Auctions - underdemand

Auctions - overdemand

Equilibrium - underdemand

Equilibrium - overdemand

Networks

Network Simulations

Network Problems

Conclusions

Published Work

Ongoing Work