A Novel Economic Based Resource Allocation Model for Grid

Abstract

This paper presents a novel economic based resource allocation model for grid. We proposed model which contains three components the client, monetary grid and local grid. The proposed model supports basic requirements for grid market. This model address issues like reduce scarcity of resource, shakeout of grid and ruinous competition. We presented future trading in proposed model and benefits of future of proposed model are discussed.

Keywords: Grid Market, Local grid, Future Trading, Issues in Grid, Grid Market Model.