Invention Grant
- Patent Title: Automated bidding system for use with online auctions
- Patent Title (中): 自动出价系统,用于在线拍卖
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Application No.: US10201118Application Date: 2002-07-22
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Publication No.: US07672894B2Publication Date: 2010-03-02
- Inventor: George Rebane , Keith Allen Dutton , Haitao Wang
- Applicant: George Rebane , Keith Allen Dutton , Haitao Wang
- Applicant Address: US CA Los Angeles
- Assignee: Shopzilla, Inc.
- Current Assignee: Shopzilla, Inc.
- Current Assignee Address: US CA Los Angeles
- Agency: Ganz Law, P.C.
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A computer implemented bidding method for use in bidding on auction items that allows for a desired optimization of bid amounts. The method includes selecting a set of one or more biddable items offered at auction wherein for a biddable item the auction offers a ranking for one or more received bids according to bid amounts, determining the current bids for a set of the biddable items, determining a bid amount for a selected biddable item based on a given utility function to determine a set of rankings for achieving a desired optimized outcome from the bidding, and submitting a set of bid amounts.
Public/Granted literature
- US20040088241A1 Automated bidding system for use with online auctions Public/Granted day:2004-05-06
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