Advantages of Economic-based RM
System Centric --> User Centric Policy in RM
Helps in regulating demand and supply
- resource access cost can fluctuate (based on demand and supply and system can adapt)
Scalable Solution
- No need of central coordinator (during negotiation)
- Resources(sellers) and also Users(buyers) can make their own decisions and try to maximize utility and profit.
Uniform Treatment of all Resources
- Everything can can be traded including CPU, Mem, Net, Storage/Disk, other devices/instruments
- Efficient allocation of resources