A framework for price-based resource allocation on the grid

Grid computing is the key technology of next generation Internet. A promising way of solving the problem of resource allocation in a grid environment is a procedure based upon resource pricing. In Grid Computing Environment, it is very important how to allocate resources for achieving the goal of high effective utilization of resources. This paper targets the problem of resource allocation on the grid. In this paper, we propose a framework for price-based resource allocation and resources pricing algorithm to achieve maximized utilization of grid resources.