The seller 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. sets the quantity of 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. available in the marketplace and the absolute minimum price at which it will be sold. In an auction, 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. uses this valuation information to determine what quantity is being sold and the floor price The lowest price the seller will accept for bandwidth. The seller can establish the floor price through the Seller agent..
· “Qty” sets the current quantity for sale in the marketplace. Your agent sells all this bandwidth to the buyers unless the cumulative bandwidth requested by buyers is less than this amount.
· “Value” sets the minimum amount of money you are willing to accept for the entire “Qty” of bandwidth. (Therefore the floor price is this “Value” divided by the total “Qty”.)
Changes to these values take effect immediately.