Heterogeneous Resource Selection with Portfolio Optimization in Grid Economy

The problem of resource management and scheduling has always been the main challenge in grid. Grid economy is looked on as a good solution for obtaining better performance than other methods for resource management in dynamic grid environments. But, the decision making about resources selection with portfolio optimization has been paid little attention to in grid economy. This paper introduced the concept and methods with portfolio optimization in grid economy. Keywords: Grid Economy, Portfolio Optimization, Linear Programming, Max-Min Portfolio