Abstract
Considering dynamic, heterogeneous and autonomous characteristics of computing resources in the computational grid environment and the advantages of economics mechanism applied to solve the problem of resource management, a sealed-bid auction method for resource allocation on computational grids is presented. Firstly, a grid service markets framework for resource allocation in the computational grid environment is described. Secondly, a sealed-bid auction mechanism is presented, where centered on users, and driven by user’s needs. Thirdly, Bayes equilibrium point and utility, strategy and efficiency in the Bayes equilibrium state are discussed. Finally, utility function-based resources allocation algorithm is presented.Keywordsgrid service marketsresources allocationsealed-bid auctionBayes equilibriumutility
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