Abstract
Resource allocation and task scheduling are two key technologies in grid computing system. The market-based resource allocation model is considered as a good one. In this paper, an on-line reverse auction method of resource allocation for computational grids was proposed to solve the problem of resource management considering the dynamic characteristics of computing resources in the computational grid environment and the advantages of economics mechanism. In this method, the current price can be set using former bids. And bidders arriving one by one the on-line buyer must be required to make a decision immediately about each bid as it is received. Then we prove that the algorithm is incentive compatible and simulate the auction protocol in Gridsim to evaluate its communication demand.
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