A futures market in computer time

  • Authors:
  • I. E. Sutherland

  • Affiliations:
  • Harvard Univ., Cambridge, MA

  • Venue:
  • Communications of the ACM
  • Year:
  • 1968

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Abstract

An auction method is described for allocating computer time that allows the price of computer time to fluctuate with the demand and the relative priority of users to be controlled so that more important projects get better access. This auction is free of the periodic fluctuation in computer use often associated with monthly schemes.