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
Motilin-like peptide compound having transmucosal absorbability imparted thereto
Systems, methods, and devices for selling transaction instruments via web-based tool
System for encrypting and decrypting a plaintext message with authentication
Anti-phishing system and method
Treatment of cancer using the sodium salt of a benzoic acid derivative
System for controlled release of an active principle and method for preparation
Devices, systems, and methods for tactile feedback and input
  Randomly Featured Patents
Bacterium for producing polyhydroxyalkanoate having polyhydroxyalkanoate depolymerase gene disrupted and method for producing polyhydroxyalkanoate using the same
Apparatus and method for analyzing gas dryer performance
Cue tip shaper
Method and device for acoustic testing of elasticity of biological tissues
Acid leaching of copper ore heap with fluoroaliphatic surfactant
Method for inputting Chinese characters, English alphabets, and Korean characters by using a numerical keyboard
Processor for executing arithmetic operations on input data and constant data with a small error
Automatic soldering system
Mobile communications terminal and method therefor
Dewaxing process