SYSTEM AND METHOD FOR ALLOCATING COMPUTING RESOURCES FOR A GRID VIRTUAL SYSTEM

In one embodiment, a method for allocating computing resources comprises executing a plurality of applications and a grid virtual system within a shared resource domain, assigning computing resources to the plurality of applications to process application transactions, dynamically reallocating computing resources associated with the plurality of applications to the grid virtual system when the computing resources are idle, registering availability of grid services in response to the reallocating, scheduling grid jobs for execution within the grid virtual system, and modifying at least one reallocation parameter in response to the scheduling.