SORMA – Business Cases for an Open Grid Market: Concept and Implementation [chapter]

Jens Nimis, Arun Anandasivam, Nikolay Borissov, Garry Smith, Dirk Neumann, Niklas Wirström, Erel Rosenberg, Matteo Villa
2008 Lecture Notes in Computer Science  
Economic mechanisms enhance technological solutions by setting the right incentives to reveal information about demand and supply accurately. Market or pricing mechanisms are ones that foster information exchange and can therefore attain efficient allocation. By assigning a value (also called utility) to their service requests, users can reveal their relative urgency or costs to the service. The implementation of theoretical sound models induce further complex challenges. The EU-funded project
more » ... ORMA analyzes these challenges and provides a prototype as a proof-of-concept. In this paper the approach within the SORMA-project is described on both conceptual and technical level.
doi:10.1007/978-3-540-85485-2_14 fatcat:njetj4gcrbedxffuaz3gsm4xgm