To Bid or Not To Bid: A Hybrid Market-Based Resource Allocation Framework

In this work we present a market based resource allocation framework which combines the advantages of leasing reservation and auction proportional share mechanisms. The rationale behind the hybrid allocation policy is to have an efficient and flexible resource sharing envi-ronment that fulfill the conflicting user/provider requirements by exploiting the heterogeneity of client demand. Our solution builds on current advances of Virtualization and Grid technolo-gies. The main contributions are: (I) A market-based framework that combines advantages of leasing and auction resource allocation models; (II) An analysis of a hybrid market based resource allocation policy, where users can choose between paying more to have a low-risk resource reservation or paying less and controlling resource shares via bids