Invention Grant
- Patent Title: Bidding language for combinatorial auctions and method of use thereof
- Patent Title (中): 组合拍卖的招标语言及其使用方法
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Application No.: US12334989Application Date: 2008-12-15
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Publication No.: US07835980B2Publication Date: 2010-11-16
- Inventor: Craig E. Boutilier , Holger H. Hoos
- Applicant: Craig E. Boutilier , Holger H. Hoos
- Applicant Address: US PA Pittsburgh
- Assignee: CombineNet, Inc.
- Current Assignee: CombineNet, Inc.
- Current Assignee Address: US PA Pittsburgh
- Agency: The Webb Law Firm
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
In a computer-implemented method for finding a high quality allocation of one or more bids in a combinatorial auction, a number of bids is electronically received. Each bid includes a number of sub bids and a Boolean operator logically connecting each pair of sub bids. Each sub bid is either (1) a good and an associated price or (2) one of the Boolean operators associated with a price and at least two other sub bids. From a number of allocations of goods to sub bids, wherein each allocation of the goods is to a different set of sub bids, an allocation is output that has the greatest value. The value of each allocation includes of a sum of prices of bids that have at least one satisfied sub bid. The price of each bid includes a sum of the prices associated with each satisfied sub bid of the bid.
Public/Granted literature
- US20090094153A1 Bidding Language For Combinatorial Auctions And Method Of Use Thereof Public/Granted day:2009-04-09
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