A survey of bargaining models for grid resource allocation

Abstract

Whereas it is noted that various types of auctions, commodity market models, and contract-net (tendering) model are more widely used for managing Grid resources, this paper focuses on discussing bargaining (negotiation) models for Grid resource management. To this end, this survey supplements and complements existing surveys by reviewing, comparing, and highlighting the very few extant research initiatives on applying bargaining as a mechanism for managing Grid resources. The contributions of this paper are (i) discussing the motivations for considering bargaining models for Grid resource management, (ii) discussing the issues in building bargaining mechanisms for Grid resource management, (iii) comparing the strategies and protocols of state-of-the-art bargaining models for Grid resources, and (iv) discussing possible new directions.