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The catallaxy approach for decentralized economic-based allocation in Grid resource and service markets

Title data

Ardaiz, Oscar ; Artigas, Pau ; Eymann, Torsten ; Freitag, Felix ; Navarro, Leandro ; Reinicke, Michael:
The catallaxy approach for decentralized economic-based allocation in Grid resource and service markets.
In: Applied Intelligence. Vol. 25 (2006) Issue 2 . - pp. 131-145.
ISSN 1573-7497
DOI: https://doi.org/10.1007/s10489-006-9650-9

Abstract in another language

Efficient resource allocation in dynamic large-scale environments is one of the challenges of Grids. In centralized economic-based allocation approaches, the user requests can be matched to the fastest, cheapest or most available resource. This approach, however, shows limitations in scalability and in dynamic environments. In this paper, we explore a decentralized economic approach for resource allocation in Grid markets based on the Catallaxy paradigm. Catallactic agents discover selling nodes in the resource and service Grid markets, and negotiate with each other maximizing their utility by following a strategy. By means of simulations, we evaluate the behavior of the approach, its resource allocation efficiency and its performance with different demand loads in a number of Grid density and dynamic environments. Our results indicate that while the decentralized economic approach based on Catallaxy applied to Grid markets shows similar efficiency to a centralized system, its decentralized operation provides greater advantages: scalability to demand and offer, and robustness in dynamic environments.

Further data

Item Type: Article in a journal
Refereed: Yes
Institutions of the University: Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration VII
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration VII > Chair Business Administration VII - Univ.-Prof. Dr. Torsten Eymann
Result of work at the UBT: Yes
DDC Subjects: 000 Computer Science, information, general works
000 Computer Science, information, general works > 000 Generalities, Science
300 Social sciences > 330 Economics
Date Deposited: 14 Aug 2014 10:47
Last Modified: 14 Aug 2014 10:47
URI: https://eref.uni-bayreuth.de/id/eprint/951