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
Sparse network almanac
Drive apparatus
Electrode and method for manufacturing the same
Glove
Method for computer-based determination of a position in a map, navigation device and mobile radio telephone
Process for producing dipeptides or dipeptide derivatives
Cis-alkoxy-substituted spirocyclic 1-H-pyrrolidine-2,4-dione derivatives
  Randomly Featured Patents
Golf club swing exercising and training apparatus and method
Fixation of nucleotide derivatives to solid carrier
1-carboxymethoxy acetidinones and their production
Faucet assembly
On-chip IQ imbalance and LO leakage calibration for transceivers
Telephone having voice capability adaptor
Compositions and methods for treating kidney disease
Portable computer docking station with module connection replicator
Circuitry and method for reset discrimination
Anisic acid modified steviol glycoside sweetened beverage products