Proceedings of the 4th ACM Conference on Electronic Commerce 2003
DOI: 10.1145/779928.779943
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Exploring bidding strategies for market-based scheduling

Abstract: A market-based scheduling mechanism allocates resources indexed by time to alternative uses based on the bids of participating agents. Agents are typically interested in multiple time slots of the schedulable resource, with value determined by the earliest deadline by which they can complete their corresponding tasks. Despite the strong complementarities among slots induced by such preferences, it is often infeasible to deploy a mechanism that coordinates allocation across all time slots. We explore the case o… Show more

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Cited by 38 publications
(9 citation statements)
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References 33 publications
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“…We believe that the major drawback of their approach is that some form of concrete currency is needed, and that is a system feature that we think would not be practical in a real-life situation where there is a tremendous number of machines involved. Similar approaches were also proposed by other researchers [9], [13], [15], [45].…”
Section: Related Worksupporting
confidence: 52%
“…We believe that the major drawback of their approach is that some form of concrete currency is needed, and that is a system feature that we think would not be practical in a real-life situation where there is a tremendous number of machines involved. Similar approaches were also proposed by other researchers [9], [13], [15], [45].…”
Section: Related Worksupporting
confidence: 52%
“…In such systems, unpredictability arises from variations in the time taken to transfer data across networks and from the fact that nodes may accept other jobs before their current bids are accepted. Additional, recent work in this domain appears in [29]. Such work may lead to interesting variants of the trust-based algorithm described in this paper, by contributing additional dimensions of uncertainty to decision making.…”
Section: Related Workmentioning
confidence: 99%
“…The social efficiency and price stability were studied using the Vickrey auction theory [19]. Similar approaches were also proposed by other researchers [5], [7], [8], [26].…”
Section: Related Workmentioning
confidence: 99%