Market-based service selection framework in grid computing

Much research focuses on the foundational components of computational grid infrastructure, making the grid service economic possible. The service consumers could submit their jobs to the published services but don't need to concern how the jobs are mapped to the resources, how the resources are organized and managed, and how the revenue is divided among the organization. However, most of the services are contributed by the providers voluntarily; it means the services could be published optionally or canceled at any time even when they are carrying out some jobs, and the consumers take much risk in selecting the providers. There are few mechanisms to encourage the service providers to compete for profit and satisfy the consumers, especially considering the consumers' preference of deadline and price. We develop a market-based framework to attract the providers, and decrease the risk of the consumers, in which different bidding strategies of providers and different behavior models of consumers are discussed.