Most valuations let you specify the maximum quantity you want to bid for. Budget Valuation The value a buyer or seller places on bandwidth. Setting a valuation is part of setting a purchasing strategy. Valuation settings within a buyer agent let buyers specify the amount they are willing to pay for varying amounts of bandwidth. This information is used by the agent to respond to changing market conditions during a Merkato progressive second price auction. does not specify a maximum quantity. Budget Valuation with Limits lets you specify All as your maximum.
You may specify that you want a maximum quantity that is greater than the quantity the seller is offering.
You might do this in case the seller decides to offer more bandwidth The amount of data transmitted or received per unit of time. When we refer to acquiring or selling bandwidth, we mean the amount of information that can be sent over a connection at one time, at the allowed speed, without packet loss or excessive delay. Bandwidth is measured in bits-per-second. later. You may also do this to achieve a desired bid valuation curve (especially when you are using the logarithmic or parabolic valuation—the maximum desired quantity sets the most aggressive bidding point. Your agent The program that interacts with the rest of Merkato on behalf of buyers and sellers. Buyers can acquire bandwidth by configuring their agents to offer the price they are willing to pay for a range of available quantity, or use their agent to request a quote for a fixed-price bandwidth reservation. Sellers configure their agents with a quantity of bandwidth for sale and a minimum price they are willing to accept for that quantity. will still begin bidding at the amount the seller is offering, at the unit price indicated from your valuation curve.
Your bidding strategy can go beyond entering the amount of bandwidth you want and the price you are willing to pay. Using the Traffic-based tab, you can set your agent to adjust how much bandwidth it bids for as your traffic changes.
A Buyer agent will not bid for an amount smaller than 1/500 of the maximum quantity—either the Seller’s offered amount or the amount you specify in the Qty field, which ever is smaller. Automatic bidding increments in amounts no smaller than 1/500 of the maximum.
If you have not specified a maximum (you are using Budget Valuation or Budget With Limits Valuation), and the Seller offers a lot of bandwidth, the minimum bid may be very large. If you have no maximum, and the Seller offers 500 Mbps One of the ways of expressing units of bandwidth-Megabits-per-second (1,000,000 bits-per-second). in the Merkato auction, your agent will bid for no less than 1 Mbps. Even if you want more than 1 Mbps, your agent will bid for bandwidth in increments of 1 Mbps—bidding for 1.5 Mbps will not be possible.