Resource allocation analysis in perfectly competitive virtual market with demand constraints of consumers

Abstract

Virtual market mechanism solves resource allocation problems by distributing the scheduled resources based on software agent interactions in the market. We formulate agent behaviours negotiating the resource allocations under demand constraints of consumers in the market, and demonstrate the applicability of the virtual market concept to this framework. In this paper we demonstrate the proposed virtual market successfully calculates Pareto optimal solutions in resource allocation problem under the demand constraints of consumers. © 2010 Springer-Verlag Berlin Heidelberg.