An Algorithm for Trading Grid Resources in a Virtual Marketplace

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.