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
Method of fabricating a solar cell with a tunnel dielectric layer
Tool box
Online data conversion technique using a sliding window
Solid-state imaging apparatus and imaging system
Active element machine computation
Scalable packet processing systems and methods
Bundled flexible cable with water resistant structure
  Randomly Featured Patents
Putter head
Method and device for downconverting the sampling frequency of a digital signal, for example in a non-integer frequency ratio
Tennis practice serving net
Barrier metal film production apparatus, barrier metal film production method, metal film production method, and metal film production apparatus
Collapsible keyboard
Torsionally loaded treble hook with pivotable weed guard
Ball spline with liner member
Constant bottom contact tool
ESD protection system for multi-power domain circuitry
Resist composition, resist pattern forming process, and method for manufacturing semiconductor device