Invention Grant
- Patent Title: Method of optimum auction using network service
- Patent Title (中): 使用网络服务的最佳拍卖方法
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Application No.: US10598860Application Date: 2005-03-17
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Publication No.: US08121927B2Publication Date: 2012-02-21
- Inventor: Dae-Yeol Kim
- Applicant: Dae-Yeol Kim
- Agency: Park & Associates IP Law, P.C.
- Priority: KR10-2004-0017940 20040317; KR10-2005-0020866 20050314
- International Application: PCT/KR2005/000764 WO 20050317
- International Announcement: WO2005/088501 WO 20050922
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
An optimum auction method using a network is disclosed. Especially, being different from a typical auction method for simply evaluating a personally proposed bod price, the optimum auction method evaluates various evaluation particulars for the auction and evaluation methods in overall, thereby selecting an optimum bidder who is close to an intention or taste of an auction initiator or able to maximize a profit even though the selected optimum bidder does not propose the highest or the lowest bid price. Accordingly, it is also possible to broaden a range of participation and improve efficiency on the auction. Also, there are various types of the optimum auction method including a reverse auction, a lease auction and a reverse lease auction which can proceed with various trading methods by maximizing the profit of the auction initiator.
Public/Granted literature
- US20070179878A1 Method of optimum auction using network service Public/Granted day:2007-08-02
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