A resource allocation method based on competitiveness equilibrium for manufacturing grid

Optimal resource configuration is a critical issue for manufacturing grids. Economics is introduced for establishing a manufacturing grid resource marketplace and allocating resources based on market equilibrium and resource consumers' utilities. Firstly, the resource allocation architecture is constructed based on the total framework of the manufacturing grid. Secondly, the economic environment of resource allocation is defined based on the characteristics of marketplace competitiveness, in which the feasible and Pareto optimization conditions of resource allocation are given. The competitive equilibrium of Pareto optimization is defined, in which resource owners may gain most economic profits, resource consumers gain maximal utilities and the market equilibrium was achieved. Finally, an iterative algorithm is introduced for the resource equilibrium price. The test results indicated that a resource price could be converged at its equilibrium price rapidly, and actual resources allocation result could be approximate to the equilibrium state.