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
Avirulent oncolytic herpes simplex virus strains engineered to counter the innate host response
Advertising system and method
Module-code verification layer to automatically validate user input
Self-assembling surface coating
Method and structure for forming ETSOI capacitors, diodes, resistors and back gate contacts
Nucleic acid sequences encoding strictosidine synthase proteins
Display screen or portion thereof with graphical user interface
  Randomly Featured Patents
Method for providing address change notification in an electronic message forwarding system
Bowlers wrist brace
Secure anonymous information exchange in a network
Portable automated dialer with tone completion indicator
Solid state infrared gauge
System for facilitating game play in an electronic lottery game network
Polling period controlling apparatus
Digital multiplier circuit and a digital multiplier-accumulator circuit which preloads and accumulates subresults
Method for hydraulically mining unconsolidated subterranean mineral formations using remote support
Golf ball manufacturing apparatus