Resources Contact Us Home
Browse by: INVENTOR PATENT HOLDER PATENT NUMBER DATE
 
 
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
Single-stage PFC converter with constant voltage and constant current
Complete context search system
Method and apparatus for reducing and controlling highway congestion to save on fuel costs
Sulfonated amorphous carbon, process for producing the same and use thereof
Shoe
Method of stimulating tissue healing
SRB enhancement on HS-DSCH during cell change
  Randomly Featured Patents
Fault detection system for an amplified optical transmission system
Mucopolysaccharides having biological properties, preparation and method of use
In-orbit satellite sensor alignment determination
Finished mass terminated end for a miniature coaxial ribbon cable and method of producing same
Ligands of thrombin
Remote operating apparatus and method for a circuit breaker handle
Cleaning implement
Glass coating
Method to prevent bit line capacitive coupling
Transverse motion measurement in gun barrel