Method and system for partial quantity evaluated rank bidding in online auctions
US6871191B1 · kind B1 · utility
56Cited by
30References
4Claims
0Family size
Inventors
Key dates
| Filing date | Jan 24, 2000 |
| Grant date | Mar 22, 2005 |
| Priority date | — |
| Expiry date | Jan 24, 2020 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method and system for conducting electronic online auctions having partial quantity evaluated rank bidding is disclosed. Submitted bids are ordered on a basis of a comparative bid parameter used by an originator of an auction. The quantity required by the originator of the auction is then allocated to the offered quantities of the submitted bids based upon a ranked ordering of the bids.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.