Tycoon: A Distributed Market-based Resource Allocation System

TL;DR

Tycoon is a distributed market-based resource allocation system that uses auction mechanisms to efficiently allocate computing resources with low latency and high fairness, encouraging truthful user behavior.

Contribution

It introduces a novel auction-based scheduling algorithm for distributed resource allocation, improving efficiency and user incentives over existing solutions.

Findings

Achieves low latency in resource allocation

Ensures high fairness among users

Encourages truth-telling behavior

Abstract

P2P clusters like the Grid and PlanetLab enable in principle the same statistical multiplexing efficiency gains for computing as the Internet provides for networking. The key unsolved problem is resource allocation. Existing solutions are not economically efficient and require high latency to acquire resources. We designed and implemented Tycoon, a market based distributed resource allocation system based on an Auction Share scheduling algorithm. Preliminary results show that Tycoon achieves low latency and high fairness while providing incentives for truth-telling on the part of strategic users.