A Novel Auction-Based Grid Resource Allocation Algrithm

In grid computing, auction mechanisms have become a very important method in order to solve distributed scheduling problem. In this paper, we use the average budget formula to express the user preference. Meanwhile, we introduce the risk factor in utility function for improving the transaction successful rate. Our model has improved the resource allocation algorithm convergence by controlling the agent budget and risk. At last, we illustrate that our auction model can get very good results