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
Display screen with transitional icon
Electronic component
Remedy for overactive bladder comprising acetic acid anilide derivative as the active ingredient
Transferring a document
Method and system for monitoring service quality in a mobile node
Personalized location information for mobile devices
Imaging device and imaging method
  Randomly Featured Patents
Agglomeration of alumina and binder therefor
Ophthalmic lenses with induced aperture and redundant power regions
Electro-magnetic analysis program of electric rotating machine
Method of treatment or prophylaxis
Circuit design supporting apparatus and circuit design supporting method
Direction-indicating sign holder and method of providing directional indication
Method for determining the interaction between a chemical solution and an object immersed in the solution
Pyrrolo-pyridine kinase modulators
Multiple stream variable length encoder and decoder
Nitride semiconductor device