The International Journal of Innovative Research in Computer and Communication Engineering
A global computation market could be realized by a high-performance federated architecture that has cloud computing providers. They use economic aware allocation mechanisms driven by the underlying allocation requirements of cloud providers. In cloud, resources are reserved by m participants during auction and in most cases the resources are utilized by n users. Therefore, all other m-n reservations are wasted in the duration of auction. In this process last minute bidding is used which is time and cost expensive.