A New Resource Allocation Model for Grid Networks based on Bargaining in a Competitive Market

Resource allocation is an important subject in Grid computing environment. Many types of non-similar resources exist in the grid computing environment which can also be considered from economics’ point of view. Moreover, suppliers and customers are independent subjects with two very different environments in the grid computing environment. Therefore negotiations are considered very important. Bargaining is one of the most functional methods of negotiation in economic grid. In this paper a new resource allocation algorithm based on bargaining in a competitive market is proposed. The presented paper tries to increase the number and speed of successful negotiation by considering the meaning of competition in the market and deadline in the bargaining model. The proposed model is suitable for real-time software implementation to illustrate the concept of buying from seller’s competitive market. The Simulation results on prototype data show the effectiveness of the proposed method.