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Grids provide access to distributed resources. When resources are used for critical services, the resources must adhere to stringent Quality of Service (QoS) requirements. This paper presents an approach to resource allocation and management in the grid by proposing a grading system for the resources based on QoS parameters. In this approach, the resource performance is analyzed, in an agent based automated negotiation framework with respect to general effectiveness in completing the assigned task. The paper also presents a schema for Service Level Agreement for grid resources.
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