Publication | Open Access
A futures market in computer time
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0
References
1968
Year
Electronic AuctionEngineeringDynamic Resource AllocationMonthly SchemesMarket DesignOperations ResearchAlgorithmic TradingAlgorithmic Mechanism DesignAuction TheoryMechanism DesignQuantitative ManagementDynamic PricingComputer TimeHigh-frequency TradingComputer EngineeringScheduling (Computing)Computer ScienceAutomated TradingAuction MethodCloud ComputingBusinessFinancial EngineeringTechnology
An auction method is described for allocating computer time that allows the price of computer time to fluctuate with the demand and the relative priority of users to be controlled so that more important projects get better access. This auction is free of the periodic fluctuation in computer use often associated with monthly schemes.