Why Computational Economy in Resource Management ?
“Observe Grid characteristics and current resource management policies”
Grid resources are not owned by user or single organisation.
They have their own administrative policy
Mismatch in resource demand and supply
- overall resource demand may exceed supply.
Markets are an effective institution in coordinating the activities of several entities.
Traditional System-centric (performance matrix approaches does not suit in grid environment.
- System-Centric --> User Centric
Like in real life, economic-based approach is one of the best ways to regulate selection and scheduling on the grid as it captures user-intent.