Grid resource trade network: Effective resource management model in grid computing

Grid computing is the next generation platform that maximizes computing performance of system as using numerous computing resources on computer networks. Grid computing not only shares computing resources but also efficiently utilizes available computing resources. Therefore, grid computing needs resource management policies that handle and manage grid computing resources. This paper reviews existing resource management models based on economic principles such as auction model and commodity market model. This paper proposes an efficient resource management model, which is called the grid resource trade network model, and presents its bidding algorithms for grid users and grid providers. The proposed model reduces idle resources, improves resource utilization, and provides effective resource distribution. Empirical results show usefulness and efficiency of the grid resource trade network model.