Invention Grant
- Patent Title: Method and system for conducting electronic auctions with multi-parameter price equalization bidding
- Patent Title (中): 用多参数价格均衡竞标进行电子拍卖的方法和系统
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Application No.: US11809840Application Date: 2007-06-01
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Publication No.: US07921053B2Publication Date: 2011-04-05
- Inventor: Sam E. Kinney, Jr. , Vincent F. Rago , Glen T. Meakem , Robert G. Stevens , David J. Becker , Anthony F. Bernard , William D. Rupp , Daniel C. Heckmann , Julia L. Rickert , Shane M. Tulloch , Jennifer L. Riddle , Nikki A. Sikes , John P. Levis, III
- Applicant: Sam E. Kinney, Jr. , Vincent F. Rago , Glen T. Meakem , Robert G. Stevens , David J. Becker , Anthony F. Bernard , William D. Rupp , Daniel C. Heckmann , Julia L. Rickert , Shane M. Tulloch , Jennifer L. Riddle , Nikki A. Sikes , John P. Levis, III
- 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:
An auction is conducted by obtaining, from a buyer, information associated with a product to be purchased using an auction, where the buyer purchases the product from a winning bidder. The obtained information associated with the product is made available to at least a first bidder and a second bidder. A first bid that includes a first price and a first non-price information is received from the first bidder. A second bid that includes a second price and a second non-price information is received, from the second bidder. Non-price information is associated with (1) a description of a particular product a given bidder will provide in the event the given bidder wins the auction and/or (2) delivery of a product by the given bidder in the event the given bidder wins the auction. A first comparison value is generated based at least in part on the first price and the first non-price information. A second comparison value is generated based at least in part on the second price and the second non-price information. The first comparison value and the second comparison value are compared and the winning bidder of the auction is selected based at least in part on the comparison.
Public/Granted literature
- US20070239596A1 Method and system for conducting electronic auctions with multi-parameter price equalization bidding Public/Granted day:2007-10-11
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