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
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