Have expanded discussion of Resource/Product/Instrument to indicate that they are conceptual aids to understanding specification as a series of refinements to wants. The informational elements of "What are you trading [Power], at what scale [MW] and over what duration [1 hour] beginning at what time are still expressed as separate information elements as they were in the TEMIX profile.
From Table 2-1
Resource A measurable commodity, substance, service, or force, whose value is determined by time of delivery
Product A Resource defined by size/granularity of the Resource and by the granularity of time. A market is defined by its product. Example 1: electric power in 10 kW units delivered over an hour of time. Example 2: electric energy in 1 kWh units delivered over a half hour.
Instrument A Product instantiated by a particular begin time. Example: the Product beginning at 9:00 AM on April 3. An Instrument is Tendered to a Market with specific quantity and price.
Have expanded discussion of Resource/Product/Instrument to indicate that they are conceptual aids to understanding specification as a series of refinements to wants. The informational elements of "What are you trading [Power] , at what scale [MW] and over what duration [1 hour] beginning at what time are still expressed as separate information elements as they were in the TEMIX profile.
From Table 2-1
Resource A measurable commodity, substance, service, or force, whose value is determined by time of delivery
Product A Resource defined by size/granularity of the Resource and by the granularity of time. A market is defined by its product. Example 1: electric power in 10 kW units delivered over an hour of time. Example 2: electric energy in 1 kWh units delivered over a half hour.
Instrument A Product instantiated by a particular begin time. Example: the Product beginning at 9:00 AM on April 3. An Instrument is Tendered to a Market with specific quantity and price.
The Energy Interoperation 1.0 Resource " ... extends the EMIX Resource Description Type."
The Resource description in CTS (and discussion of Resource-Product-Instrument) is consistent with the literature on Transactive Resource Management, and provides a strongly-typed view of the payloads consistent with current software engineering practice.
The Energy Interoperation 1.0 Resource " ... extends the EMIX Resource Description Type."
The Resource description in CTS (and discussion of Resource-Product-Instrument) is consistent with the literature on Transactive Resource Management, and provides a strongly-typed view of the payloads consistent with current software engineering practice.
No action beyond clarification of the model.
Description
7. The Proposal’s definition of a Resource is inconsistent with the definition of a Resource in EMIX and is not used in TEMIX.
Major