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Economic allocation and management of resources via a virtual resource market

  • US 20080244607A1
  • Filed: 09/11/2007
  • Published: 10/02/2008
  • Est. Priority Date: 03/27/2007
  • Status: Abandoned Application
First Claim
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1. A computer-implemented method for allocating computing resources, comprising the steps of:

  • creating a plurality of offers to provide a plurality of resources for use by any of a plurality of application programs, each of the offers specifying a unit of performance and a value associated with a corresponding resource;

    creating a bid to obtain a unit of at least one resource for use by a specified application program, the bid specifying service level requirements required for operation of the specified application program and a value associated with operating the specified application program;

    matching a particular one of the offers to the bid via a market exchange model by matching the service level requirements and value of the bid to the unit of performance and value of the particular one of the offers, thereby creating a matching offer;

    allocating the resource corresponding to the matching offer to the specified application program, thereby creating an allocated resource; and

    migrating operations of the specified application program to the allocated resource.

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