Resources Contact Us Home
System and method for allocating resources using spot market and derivative market techniques

Image Number 5 for United States Patent #8131616.

A method for controlling access to a system of finite resources with excess demand employs a two stage admission process. Subscribers are first admitted based on an initial bid price and resource availability. The market price is determined by the highest bid price among the rejected arrivals in the current batch. Admitted subscribers are then given the option to secure continued access to the resource by accepting a fee-based reservation. The fee for the reservation is determined in a manner which is fair to the reserving subscriber, as well as all other subscribers, in that the reservation fee is priced to provide access at a cost which prevents arbitraging opportunities. If the current market price exceeds a non-reserved subscriber's bid price, that non-reserved subscriber is displaced. If the current market price exceeds a reserved subscriber's bid price, that reserved subscriber's reservation is activated and access to the resource continues. In the case of a communications system having a finite number of access lines, the reservation fee is based on the bid price from the subscriber and the duration of the requested reservation.

  Recently Added Patents
Catecholic butanes and use thereof for cancer therapy
Semiconductor memory apparatus
State control of remote hosts for management of distributed applications
Cardiopulmonary resuscitation monitoring apparatus
Active pulse blood constituent monitoring
Food safety printer
Markers of acute myeloid leukemia stem cells
  Randomly Featured Patents
Inhibiting polymerization of vinyl aromatic monomers
Direct etch processes for the manufacture of high density multichip modules
Process for the continuous production in solution of styrene thermoplastic resins
Memory card assembly having an integral antenna
Layout method of touch panel electrode
Automatically-controlled buoyancy vest
Ophthalmic device for mapping the acuity of a human eye using wavefront analysis
Hydraulic control system for an automatic transmission having a three path torque converter control subsystem
Substantially solid bleaching or treatment compositions in the form of inserts for dental trays, and kits comprising such inserts and trays
Engine hood for automobiles