ACM Home Page
Please provide us with feedback. Feedback
From market-driven agents to market-oriented grids (position paper)
Full text PdfPdf (281 KB)
Source ACM SIGecom Exchanges archive
Volume 5 ,  Issue 2  (November 2004) table of contents
Pages: 45 - 53  
Year of Publication: 2004
Author
Kwang Mong Sim  Institute of Information Science, Academia Sinica, Nankang, Taipei, Taiwan
Publisher
ACM  New York, NY, USA
Bibliometrics
Downloads (6 Weeks): 3,   Downloads (12 Months): 35,   Citation Count: 2
Additional Information:

abstract   references   cited by   index terms   collaborative colleagues  

Tools and Actions: Review this Article  
DOI Bookmark: Use this link to bookmark this Article: http://doi.acm.org/10.1145/1120687.1120693
What is a DOI?

ABSTRACT

Providing efficient mechanism for allocation and management of resources is essential for realizing a computational grid. Since resource providers and consumers may be independent bodies in a computing grid platform, negotiation among these participants is necessary. This position paper discusses (i) the design considerations of e-negotiation agents for grid commerce, and (ii) the possible application of Market-driven agents (MDAs) as negotiation mechanisms for managing resources in a computational grid. MDAs are negotiation agents designed with the flexibility of (i) making adjustable amounts of concession taking into account factors such as market rivalry, time preferences, and outside options, and (ii) relaxing trade expectation in the face of intense pressure. In addition to having stable strategies, making prudent compromises and optimizing utility, additional desirable properties of MDAs that are suitable for a computational grid include: adaptivity to changes in market conditions, and flexibility of reaching faster consensus.


REFERENCES

Note: OCR errors may be found in this Reference List extracted from the full text article. ACM has opted to expose the complete List rather than only correct and linked references.

 
1
 
2
{2} R. Wolski, J. Plank, J. Brevik, T. Bryan. Analyzing Market-based Resource Allocation Strategies for the Computational Grid. University of Tennessee Technical Report UT-CS-00- 453 http://www.cs.utk.edu/~rich/publications/CS-00-453.ps.gz
 
3
{3} Wolski R., Plank J., and Brevik J. 2001. G-Commerce -- Building Computational Marketplaces for the Computational Grid (UT Tech. Rep. #CS-00-439) http://www.cs.ucsb.edu/~rich/publications/.
 
4
{4} Buyya R et. Al. Economic models for resource management and scheduling in Grid computing. Concurrency and computation: practice and experience. Vol. 14, p1507-1542, 2002.
 
5
{5} Shen, W., Li, Y., Ghenniwa, H., Wang, C.: Adaptive Negotiation for Agent-Based Grid Computing. Proc. of AAMAS2002 Workshop on Agentcities: Challenges in Open Agent Environments, Bologna, pp. 32-36, 2002.
 
6
 
7
 
8
 
9
{9} R. Lawley et. Al. Automated Negotiation between publishers and consumers of grid notifications. Parallel Processing Letters, 13(4):pp. 537-548, 2003.
 
10
{10} K. M. Sim and E. Wong. Towards Market Driven Agents for E-auction. IEEE Trans. Syst., Man Cybern, A, Vol.31. No.6, Nov.2001, pp 274-284.
 
11
{11} K. M. Sim. A Market-driven Model for Designing Negotiation Agents. In Computational Intelligence, Special issue in Agent Tech. for E-commerce, vol. 18, no. 4, 2002, pp 618-637.
 
12
{12} K. M. Sim and C.Y. Choi. Agents that React to Changing Market Situations. IEEE Trans. Syst., Man Cybern B: Cybernetics, Vol. 33, No. 2, April 2003, pp 188-201.
13
 
14
{14} K. M. Sim. and S.Y. Wang. Flexible Negotiation Agent with Relaxed Decision Rules. IEEE Transaction on Systems, Man and Cybernetics, Part B, Vol. 34, No. 3, Jun. 2004, pp. 1602-1608.
 
15
{15} K. M. Sim. Negotiation agents that make prudent compromises and are slightly reaching consensus. Computational intelligence, Vol. 20, No. 4, 2004, pp. 643-662.
 
16
 
17
{17} A. Chavez and P. Maes. Kasbah: An agent marketplace for buying and selling goods. 1st Int. Conf. on the Practical Application of Intelligent Agents and Multi-Agent Tech., London, 1996.
 
18
{18} P. Faratin, C. Sierra, N. R. Jennings, Negotiation Decision Functions for Autonomous Agents. Int. J. Robotics and Autonomous System. Vol.24, No.3: 159-182
 
19
 
20
{20} F. Zeuthen 1967. Problems of Monopoly and Economic Warfare, Routledge and Kegan-Paul Ltd, 1967.
 
21
{21} J. C. Harsanyi 1989. Bargaining, In The New Palgrave: Game Theory, edited by John Eatwell, Murray Milgate, and Peter Newman, 1st edition, The Macmillan Press Limited, 1989.
 
22
{22} A. Rubinstein. 1982. Perfect Equilibrium in a Bargaining Model. Econometrica, 50(1), pp. 97-109
 
23
{23} R. Dash and N. Jennings. Computational Mechanism Design: A Call to Arms. IEEE Intelligent Systems, Nov./Dec. 2003, pp. 40-47.
 
24
{24} D.M. Kreps and R. Wilson. Sequential Equilibria. Econometrica, Vol 50., No 4., Jul. 1982, pp. 863-894.
 
25
 
26
 
27
{27} M.J. Osborne and A. Rubinstein Bargaining and Markets. Academic Press, 1990.
 
28