Wizard – Bid Window

“Stop” means to stop bidding. This bidding agent will not be charged and they will be placed in the shared best-effort queue.

“Upload” uploads the configuration to the garaged agent. Note that this will change some advanced settings to those assumed by this simple valuation and strategy model.

This simple budget-based valuation model has the bidding agent attempt to get as much bandwidth as possible without exceeding the budget number.

The strategy is based on the formula: price-per-unit-bandwidth * bandwidth-allocated = total-price-paid, where the total-price-paid (“budget”) is held constant, and the other two variables allowed to be altered.

Following this strategy, the bidder will first attempt to get all the bandwidth the seller is offering for their budgeted amount, which works out to the lowest possible price-per-unit-bandwidth. If unsuccessful, the bidding agent gradually increases the offered price-per-unit-bandwidth and decreases the desired amount of bandwidth, until they successfully win an allocation.

If all bidders follow this valuation model, they will each get a bandwidth allocation that is the same proportion to total bandwidth as their budget is to the combined budgets of all bidders.