Invention Grant
- Patent Title: Method and system for controlling the initiation and duration of overtime interval in electronic auctions
- Patent Title (中): 控制电子拍卖超时间隔的启动和持续时间的方法和系统
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Application No.: US11974523Application Date: 2007-10-11
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Publication No.: US07792707B2Publication Date: 2010-09-07
- Inventor: Marc Alaia , David J. Becker , Anthony F. Bernard , Daniel C. Heckmann , Sam E. Kinney, Jr. , Glen T. Meakem , Vincent F. Rago , Jason W. Reneau , Frederick W. Roberts , William D. Rupp , Robert G. Stevens
- Applicant: Marc Alaia , David J. Becker , Anthony F. Bernard , Daniel C. Heckmann , Sam E. Kinney, Jr. , Glen T. Meakem , Vincent F. Rago , Jason W. Reneau , Frederick W. Roberts , William D. Rupp , Robert G. Stevens
- Applicant Address: US CA Sunnyvale
- Assignee: Ariba, Inc.
- Current Assignee: Ariba, Inc.
- Current Assignee Address: US CA Sunnyvale
- Agency: Van Pelt, Yi & James LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00
Abstract:
Control of overtime in an auction is disclosed. A first time interval, a second time interval, and a first closing time for a first lot are defined. It is determined that at least one new bid for the first lot is received during the first time interval. The new bid is received close to the first closing time. The first closing time is extended using the second time interval if the correlation between the new bid and the at least one other bid satisfies a trigger criterion that is based on a rank of the new bid and the at least one other bid.
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