Time features of computing components and the economic planning of resource transactions

The absence of dynamic time parameters in the description of application software components does not allow the realization of standard market relations for the Grid. This also inhibits transparency in the mechanisms of the allocation of Grid resources both for customers and providers. Nevertheless, a more customer-driven approach of Grid management is necessary and will have to be worked out. This paper deals with the introduction into Grid resource allocation of exact times for the execution of computation tasks and with the resulting changes in the Grid organization with a view to the efficient execution of complex applications. With such a strategy it is possible to implement a full set of traditional market relations and at the same time provide a flexible, efficient and transparent distribution of Grid resources.