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
Imaging apparatus for calculating a histogram to adjust color balance
Integrated projector system
Vehicle motion control device
Semiconductor device having vertical channel
Fusion of road geometry model information gathered from disparate sources
Tandem electric machine arrangement
Dehydratable hygiene articles
  Randomly Featured Patents
Cartridge with a bottom right-handed thread for injecting a fluorescent dye or lubricant into an air-conditioning or refrigeration system
Two-dimensional symbol data read apparatus
Optical fiber fusion splice method and optical fiber fusion splicer used for the same
Motion assisting apparatus
Digital-to-analog converter with digitally distributed amplitude supplement
Updatable mobile handset based on Linux with compression and decompression techniques
Magneto generator supplied battery-less electric power supply system particularly for motor vehicles
Evaluation of dot interference moire
Method of controlling drying in photographic processing apparatus
Compounds and compositions and methods of use