Patent ID: 7330832
Filing Date: 2008-02-12
Classification: G06F,G06Q,H04Q

Abstract:
1. A method for service allocation among a plurality of entities requiring service allocation in a communications or computing environment comprising the steps of: a) initializing a supply of services of one or more holding entities; b) endowing one or more bidding entities with a fixed amount of utility and a requirement for an amount of said supply of services, wherein said fixed amount of utility represents less than, equal to, or more than the amount of said supply of services the bidding entity could require to function at a particular time, said fixed amount of utility thereby also represents the possibility of failure due to a lack of resources; c) negotiating said supply of services of said holding entities, with each bidding entity bidding a selected amount of its said fixed amount of utility; d) redistributing said supply of said holding entities among said bidding entities, wherein said redistribution is based upon a proportion of said supply held by said holding entity using a holding price, said proportion being described by the formula: