Grid Resource Allocation and Control Using Computational Economies

In this chapter, we describe the use of economic principles as the basis for Grid resource allocation policies and mechanisms. A computational economy in which users “buy” resources from their owners is an attractive method of controlling Grid resource allocation for several reasons. Economies are intuitively easy to understand, they fit the model of flexible resource usage under local control (which is fundamental to Grid computing), and they can be analyzed through a considerable body of extant theory. We discuss many of the fundamental characteristics of computational economies, particularly as they pertain to Grid computing. We also present G-commerce — a framework that we have used to investigate Grid resource economies — as an example of the type of results that are possible. Finally, we discuss several of the issues associated with empirical investigation of Grid economies as a motivation for future work.