• DocumentCode
    3387898
  • Title

    A price fluctuation module in market oriented grid based on contract management

  • Author

    Sun, Yinghua ; Wu, Zhehui ; Pan, Zhenkuan

  • Author_Institution
    Coll. of Inf. Sci. & Eng., Shandong Univ. of Sci. & Technol., Qingdao, China
  • fYear
    2011
  • fDate
    25-28 Sept. 2011
  • Firstpage
    510
  • Lastpage
    514
  • Abstract
    Price leverage plays a significant role in regulating the balance between supply and demand in traditional commodity market, so does it in Grid Market. Based our previous work, a price fluctuation module and relevant price strategies proposed in this paper are employed into the Market Oriented Grid Model (MOGM). The changes of supply-demand cause price fluctuation and the fluctuated price reflects supply-demand changes in return. Reasonable prices will help keeping the market in healthy operations. So, the price fluctuation management discussed in this paper can regulate and control the supply-demand balance. Simultaneously, the dynamic floating price can promote the successful rate of transactions. The results of simulation experiments reveal that the new module with price fluctuation strategies is effective.
  • Keywords
    contracts; pricing; supply and demand; MOGM; commodity market; contract management; market oriented grid; price fluctuation module; price strategies; supply-demand; Contract Management; Grid Market; Grid Market Architecture Based on Contract-management and Third-party Depository Sendee (GMACD); Market Oriented Grid Model (MOGM); Price Fluctuation Management;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Communication Technology (ICCT), 2011 IEEE 13th International Conference on
  • Conference_Location
    Jinan
  • Print_ISBN
    978-1-61284-306-3
  • Type

    conf

  • DOI
    10.1109/ICCT.2011.6157928
  • Filename
    6157928