Quantum Resource Allocation through Second-Price Auctions: A Hybrid Classical-Quantum Approach

Effective and efficient resource allocation procedures are required for the proper integration of quantum resources in the field of cloud computing. This paper focuses on the application of the second price auction and Vickrey-Clarke-Groves (VCG) mechanism to allocate quantum resources within a cloud computing environment. Using this auction mechanism, the proposed model tackles the difficulty caused by the scarcity and complexity of the quantum resources while optimizing resource utilization and cost-effectiveness. Through a detailed mathematical formulation and using a system model, we focus the bidding, allocation, and payment processes under the second price auction using VCG mechanisms. We try to run simulations in order to evaluate its effectiveness with respect to the traditional resource allocation methods. The results we got from this auction demonstrate the efficiency of the model and user satisfaction. We gain knowledge of quantum cloud computing, and it gives us information about the implementation of the auction-based resource allocation mechanism in an actual quantum cloud environment.