Current research efforts in grid computing show that the available grid resources exist as non-storable compute cycles (grid compute commodities) and distributed geographically across dissimilar organizations with diverse resources usage polices. Therefore, guaranteeing grid resources availability as well as pricing them raises a number of challenging issues in several areas of computer applications. To guarantee QoS we propose a price-based, quality-aware model. We design and develop our model using the financial option theory from a real option perspective and value the grid resources by treating them as real assets. Our hybridized model combines both advantages of fuzzy logic reasoning and real options of a decision-based system. We have taken into account the fact that the grid resources availability depend on the time of use and are transient, and hence solutions from our model captures the realistic value of the grid resources and guarantees the certainty in the resources availability.
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