18561779. POWER TRANSACTION SYSTEM AND PROGRAM simplified abstract (HITACHI, LTD.)
Contents
POWER TRANSACTION SYSTEM AND PROGRAM
Organization Name
Inventor(s)
POWER TRANSACTION SYSTEM AND PROGRAM - A simplified explanation of the abstract
This abstract first appeared for US patent application 18561779 titled 'POWER TRANSACTION SYSTEM AND PROGRAM
The patent application describes a power trading system that includes a matching-related data acquiring unit, an appearance rate prediction unit, an agreement rate prediction unit, and a matching unit.
- The matching-related data acquiring unit acquires demand bid information and supply bid information, each with a priority level.
- The appearance rate prediction unit predicts the appearance rate of the demand and supply bid information.
- The agreement rate prediction unit predicts the agreement rate of the demand and supply bid information.
- The matching unit matches the demand bid information to the supply bid information while switching priority levels based on the predicted appearance and agreement rates.
Potential Applications: - Energy trading platforms - Financial markets - Auction websites
Problems Solved: - Efficient matching of supply and demand bids - Optimization of trading processes - Prediction of agreement rates
Benefits: - Increased trading efficiency - Enhanced market transparency - Improved decision-making based on predicted rates
Commercial Applications: Title: "Enhanced Power Trading System for Efficient Market Matching" This technology can be used in energy trading platforms to streamline the matching process and improve overall market efficiency. It can also be applied in financial markets and auction websites to optimize trading activities and enhance user experience.
Questions about the technology: 1. How does the appearance rate prediction unit enhance the matching process? 2. What are the key advantages of switching priority levels based on predicted rates?
Original Abstract Submitted
A power trading system includes: a matching-related data acquiring unit that acquires demand bid information and supply bid information, the demand bid information and the supply bid information each being given a priority level; an appearance rate prediction unit that obtains a predicted appearance rate of the demand bid information and that of the supply bid information; an agreement rate prediction unit that obtains a predicted agreement rate of the demand bid information and that of the supply bid information; and a matching unit that matches the demand bid information to the supply bid information while switching a priority level, based on the predicted appearance rate and the predicted agreement rate.
