A Novel Double Auction Mechanism Based Resource Allocation in the Grid

In order to achieve high performance of Grid computing, an efficient resource allocation protocol needs to be carefully chosen and applied. Using auction mechanism design theory, this paper designs a novel double auction mechanism which is appropriate for allocation of multi-unit homogenous and divisible resources in the Grid. In the Grid, there are multiple resource consumers and resource providers. Furthermore, various transaction-related costs will be incurred when a resource consumer trades with a resource provider. We prove that the mechanism not only can achieve incentive compatibility and individual rationality for risk-averse resource consumers and resource providers, but also can be weekly budget balance. The numeral results show that the mechanism achieves high efficiency.