Disclosed herein are representative embodiments of methods, apparatus, and systems for distributing a resource (such as electricity) using a resource allocation system. In one exemplary embodiment, a plurality of requests for electricity are received from a plurality of end-use consumers. The requests indicate a requested quantity of electricity and a consumer-requested index value indicative of a maximum price a respective end-use consumer will pay for the requested quantity of electricity. A plurality of offers for supplying electricity are received from a plurality of resource suppliers. The offers indicate an offered quantity of electricity and a supplier-requested index value indicative of a minimum price for which a respective supplier will produce the offered quantity of electricity. A dispatched index value is computed at which electricity is to be supplied based at least in part on the consumer-requested index values and the supplier-requested index values.
Chassin, David P. and Pratt, Robert G.. "Using one-way communications in a market-based resource allocation system." US 8,788,415, United States Patent and Trademark Office, Jul. 2014.
Chassin, David P., and Pratt, Robert G., "Using one-way communications in a market-based resource allocation system," US 8,788,415, issued July 22, 2014.
@misc{osti_1149608,
author = {Chassin, David P. and Pratt, Robert G.},
title = {Using one-way communications in a market-based resource allocation system},
annote = {Disclosed herein are representative embodiments of methods, apparatus, and systems for distributing a resource (such as electricity) using a resource allocation system. In one exemplary embodiment, a plurality of requests for electricity are received from a plurality of end-use consumers. The requests indicate a requested quantity of electricity and a consumer-requested index value indicative of a maximum price a respective end-use consumer will pay for the requested quantity of electricity. A plurality of offers for supplying electricity are received from a plurality of resource suppliers. The offers indicate an offered quantity of electricity and a supplier-requested index value indicative of a minimum price for which a respective supplier will produce the offered quantity of electricity. A dispatched index value is computed at which electricity is to be supplied based at least in part on the consumer-requested index values and the supplier-requested index values.},
url = {https://www.osti.gov/biblio/1149608},
place = {United States},
year = {2014},
month = {07},
note = {US Patent
2008 41st Annual Hawaii International Conference on System Sciences, Proceedings of the 41st Annual Hawaii International Conference on System Sciences (HICSS 2008)https://doi.org/10.1109/HICSS.2008.46
2008 41st Annual Hawaii International Conference on System Sciences, Proceedings of the 41st Annual Hawaii International Conference on System Sciences (HICSS 2008)https://doi.org/10.1109/HICSS.2008.60