An economic-based resource management framework in the grid context

The economic mechanism is very suitable for solving the problem of resource management in the grid computing environment, and it can guarantee the interest of participators in the grid with fairness and efficiency. In this paper, we propose an economics-based resource management framework for grid computing, and then we focus on how to determine the price of resources with the economic mechanism. We present a general equilibrium method for general resources and a double auction method for special resources in the grid environment respectively. Simulations are performed and the experimental results indicate that the two methods are effective for corresponding application scenarios.