Auction Oriented Approach for Resource Management in Grid Computing

Grid computing, emerging as a new paradigm for next-generationcomputing, enables the sharing, selection, and aggregation ofgeographically distributed heterogeneous resources for solvinglarge-scale problems in science, engineering, and commerce. Theresources in the Grid are heterogeneous and geographicallydistributed. The paper demonstrates the capability of economicbasedsystems for wide-area parallel and distributed computingby using auction-oriented approach. In this paper implementationof the various auction models-English Auction, Dutch Auction,First-Price Sealed Auction, Continuous Double Auction is done.Also these models are compared.