NDLI: A Dynamic Pricing and Bidding Strategy for Autonomous Agents in Grids

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A Dynamic Pricing and Bidding Strategy for Autonomous Agents in Grids

Content Provider	CiteSeerX
Author	Pourebrahimi, B. Bertels, K. Vassiliadis, S. Alima, Luc Onana
Abstract	Abstract. In this paper, we propose a dynamic pricing strategy which is used for a market-based resource allocation mechanism in a local Grid. We implement an agent based Grid economy in which the decisionmaking process regarding task and resource allocation is distributed across all users and resource owners. The Continuous Double Auction is used as the platform for matchmaking where consumer and producer meet. In this paper, we analyze the parameter regime of this pricing mechanism considering different network conditions. Our experiments described in the paper show that using the pricing parameters, the consumers and producers agents can decide the price to influence the way they contribute resources to the Grid or complete the jobs for which they need resources. These agents are individually capable of changing the degree of their task usage and resource contribution to the Grid. Key words: dynamic pricing strategy, active/lazy agents, aggressive/conservative biddig, system efficiency, network condition 1
File Format	PDF
Access Restriction	Open
Subject Keyword	Bidding Strategy Dynamic Pricing Autonomous Agent Dynamic Pricing Strategy Paper Show Grid Economy Producer Meet Task Usage Parameter Regime Different Network Condition Local Grid Resource Owner Resource Allocation Active Lazy Agent System Efficiency Pricing Parameter Market-based Resource Allocation Mechanism Continuous Double Auction Decisionmaking Process Aggressive Conservative Biddig Resource Contribution Pricing Mechanism Producer Agent Network Condition
Content Type	Text
Resource Type	Article

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