Reservation Price Table

Reservation pricing is set using a table configured in the Resource The bandwidth service that is offered through a single Merkato marketplace. It will have service attributes, an available quantity earmarked for it by the NSP, and a market mechanism for distributing bandwidth (either the spot market The Merkato mechanism by which bandwidth is traded, in a progressive second price auction. An optimal fair market price is established and bandwidth is allocated to buyers, based on their bids relative to other buyers. or reservation market The Merkato market mechanism by which a specified quantity of bandwidth, for a specific duration, is sold for a firm price specified by the seller and agreed to by the buyer. This is an automated process based on a rate sheet that the seller establishes in advance. ).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.. Only your Merkato administrator can make changes to this table. The reservation price table looks like this:

The following values are configurable:

• Each cell, specifying a unit price for the adjacent time period shown in the column heading and capacity In the Merkato interface, the term capacity refers to the total amount of bandwidth available from the Seller. amount shown in the row heading.
• Values for each time column heading
• Units for each time column heading
• Values for each quantity row heading
• Units for each quantity row heading
• The fee charged for cancellation of a reservation (see “Cancellation Fee,” below.)

In general, sellers offer the highest price for short reservations and for small quantities 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.. They offer the lowest price for large quantities of bandwidth over long periods of time.

When a buyer requests a reservation, Merkato calculates a price based on the requested amount of bandwidth and the duration of the reservation. The reservation prices are automatically scaled between price points to prevent abrupt jumps when buyers select quantities just above or below the price point.

Your Merkato administrator can increase the number of rows or columns in the rate sheet to accommodate more price points.

The highest capacity rate and the longest time period shown in the table are the upper limits for reservations.