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Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

A Market-Based Information Resource Management Approach in Information Grid

A Market-Based Information Resource Management Approach in Information Grid
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Author(s): Yanli Hu (National University of Defense Technology, China), Liang Bai (National University of Defense Technology, China), Weiming Zhang (National University of Defense Technology, China), Weidong Xiao (National University of Defense Technology, China), Zhong Liu (National University of Defense Technology, China) and Yingchao Zhang (School of Information System & Management, National University of Defense Technology, China)
Copyright: 2006
Pages: 3
Source title: Emerging Trends and Challenges in Information Technology Management
Source Editor(s): Mehdi Khosrow-Pour, D.B.A. (Information Resources Management Association, USA)
DOI: 10.4018/978-1-59904-019-6.ch058
ISBN13: 9781616921286
EISBN13: 9781466665361

Abstract

The information grid is made up of autonomous systems linked together by a network technology substrate. Based on the Agent-Based Information Resource Management Model (ABIRMM), we advance a novel Market-Based information resource management approach, MBIRMA for short. It develops a market model to predict performance. Agents, which are created to receive consumers’ requests and preferences, make the information services plan correspondingly and bid for required information resources through hybrid auction. And utility function depicts consumers’ preference under the direction of the global information management. The working mechanisms and the information resource management approach of the model are thoroughly illustrated. At final, the applications of ABIRMM are briefly discussed and an example is given.

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